Ann: DEFINITIVE FEASIBILITY STUDY ON PANDA HILL-CXX.AX, page-28

Not on your nellie Traydor!

I am a long term CXX holder, have seen the potential from the start and my intention is to stay long term. The Company have done a great job thus far - very thorough & professional and I expect this to continue.

There is some seriously good money to be made here for ALL holders - especially over the long term or, if we are bought out for the same sort of money as what Canada's IAmGold achieved.

However - IMO, we will lose a lot of potential value if we cave in to any takeover bid that may emerge from the dust. It seems clear Panda Hill is going to be a world class mine, which is being substantially de-risked all the time. This will not be going unnoticed by those who circle markets looking for takeover opportunities - especially ones where nervous shareholders, who have shouldered a lot of the early risk, prematurely react to unreasonable short term offers.

We are just getting started....!