Ann: Mt Caudan Iron Resource Upgrade , page-8

Johnno8,

I see you are no longer a holder? Hope you sold at a profit.

I sold my cazaly shares today for a number of reasons.

1. NM is awful at PR - his attitude towards not responding to any of my emails stinks.
2. I dont like how we arent drilling up a further resource until the end of the year. We have a signficant amount of money from converted options so I dont see why we cant start the drilling program now.
3. The port approval is still in the application process???? whats going on there. It doesnt seem like we are going to know anything anytime soon (I hope for all your sake it works out asap.
4. Today presented an opportunity to exit on a good annoucement.
5. Technically CAZ is bearish.

Anyway, good luck to all holders. I will remain following but I just cant stand NM's attitude towards shareholders and the port approval doesnt seem to be moving along very fast.