Ann: Exploration Update, page-91

Hi Midnight26, Roy and all,

I notice the top twenty list has now been adjusted to reflect the last CR. It would appear that the top twenty or in reality the top 14 or so now hold some 86.20% of the total shares on issue. Also noteworthy is the fact we still remain a tad under 400M shares on issue.

I realise there has been some recent sales but can’t help thinking that most of these shares are now held in relatively strong hands with not many shares left in the free float.

Of course, the negative innuendo crowd will read tightly held as illiquid; however, I guess that’s their problem and not ours.

Cheers and very best regards: Andy