Ann: Half Yearly Report and Accounts, page-35

ThePig and mikesz I respect your opinions and understand the frustrations but I'm not exactly sure what you're trying to achieve with your recent extremely negative posts?

Mike, you say "Jemrok clearly did not have capability to complete the task. Let alone be the pillar of the Granville mining operation". That is easy to say now but no one was complaining at the time Jemrok was chosen. The quick research I did once we announced Jemrok as contractors revealed to me they were competent, unfortunately things went downhill from there.

You also complain about management not adding value for shareholders and one can argue they have given excellent value for shareholders if you look at the long term chart. My average is bang on 1.6 after accumulating over the last 15 or so months so I'm in the red but I am still happy with where we are heading and am extremely positive we will see the share price increase from where we are at now, it's onwards and upwards from here in my opinion.

You also mentioned in another post to look at AJM for there excellent announcements but I didn't hear you mention their extremely poor share price performance over the last 12 months? Their performance if you look at share price alone has been much worse than ANW.

I have been impressed with management since the late December announcement. They have improved communication and have taken steps to improve. They're not perfect and have made mistakes but they are showing improvement and that's why I am happy to hold and buy when I can. If you are not convinced with management and where we are heading you can sell as you know.