Ann: Corporate Update Letter to Shareholders, page-23

There you go, new MD dampening down expectations, probably a realist who will eventually achieve results by executing a slow steady exploration and mine development plan, rather than any regular news hyperbole via the ASX.

Will be less interesting, but more successful - and the market reacts accordingly.

Let's hope the new MD has some skin in the game, and is not just a long term wage collector.

Buyers now thin on the ground. I wonder if he knew this would be the response to his release, and if this was intended, and why! Very interesting.

Is it in for a capital raising now the price is lowered?

Why would an MD spook the market about the new company he is now heading up?

It would be fascinating to get into the head of these gentlemen.

I'll hold, and wait and see whether there is substance behind these sober ASX announcements and company observations.

Gw