Ann: Exploration and Strategy Update, page-9

Morning Bill. You are undoubtedly right about buying us out and making a profit. No-one takes over a company with loosing money in mind. They have assured me they want to do the right thing by SH's. We just need to wait and see if they are true to their word. At the end of the day we only hold a small percentage now and it would make no real difference to them if they took us along for the ride. Lets hope they release something good soon that will get this pumping once again. We know they will want to hit 2.9c to take up their options so anyone buying in at the moment will at least double their money.

GD