Ann: Half Yearly Report and Accounts, page-5

don't you worry Wasa - they management have gone through so many opportunities that their fingers are worn down to the first knuckle turning pages upon pages of reports trying valiantly to get that project OVER their strict selection criteria. As you know they have compareable cash "to their peers" although at what point that becomes "equal" and then "less" I am not sure. Ahh the interrelated offices and rentals have always been a sore point but hey they are saving us money is the mantra because we do not pay retail rates - I wonder??

can you guess the end of gbp - we should be able too since we have the burn rate for now what 4 years with no action so the available cash remaining should last us how long.

they will now tell you that exploration costs are coming down which means it was good management NOT to have entered into any JV over the last 4 years!! but will now make their decision easier - if only we could find the project with the high selection criteria.

one of the better nuances of how to RUN a company - that is run a company into the ground and if they do have taken nearly 20 odd million from the coffers without so much as a ping from the seismograph!!