Ann: Interest Acquired in High Grade Philippines Gold Project, page-20

The only way it becomes high risk is if the board act in self interest. If the board act based on what is best for the company there is very little risk for shareholders. The underlying assets are worth far more than the current share price, and promoting that in a positive way to the market would see significant benefit for shareholders........the board would appear to have adopted their typical approach of protecting their own control over the company, to the significant expense of the company and it's shareholders........EVERY deal they do has an angle where the board benefit significantly from the transaction. The only way shareholders lose from here is if the board choose to destroy value to retain control..........step one, Philippines deal, value destroyed and shares issued to obscure Singapore company just over a year old........focus on the real problem.