Ann: Market Update - Engenho Gold Mine Brazil , page-24

Goarmy, we have different views - you think 1-2c and I think >10c. If the market was open we could do a trade. Engho has never been very important financially. Crista is valuable - a delay doesn't matter too much but to lose it altogether would be very bad. Torre can scale up profitably with tolling although a plant with reserves would be even better. I don't think management are fraudsters. I think major investors will reinvest before relisting at a price higher than 4.6c (panic selling price) and this will set tone for trading. We have to see what happens.