Ann: Quarterly Activities and Cashflow Report, page-8

Oldco,

Coy announcements show that tenements are held over highly prospective ground. i.e. 25km from a 17m oz resource and not much further from another 12m oz.

You aren't going to get a 10 or 20 bagger in BHP or NCM but you can in a junior with prospectivity. Were TRL to prove up a 10m oz resource, would you still be complaining?

You say you are a holder. Why are you holding stock if you have no faith?

The high prospectivity of the ground and the quality of the board inspire me to be a holder. I can't imagine someone with the track record and reputation that Jones enjoys, climbing on to a lame donkey.

Of all the African nations, Tanzania holds probably the least sovereign risk for Aust Coys.

I have a geo client whom tells me he is a holder (at a cost of .10c) and he says that from what he reads in the announcements, the Coy appears to be doing everything right.

I don't know anything that is not yet announced however, you can bet there is some "street talk" around.

If they drill and hit something substantial, .038c may well have been a bargain of Sirius proportions.

Just sayin'. Not financial advice or a recommendation. GLTA

Miki