Ann: Quarterly Activities Report, page-5

I can see where you can get pi55ed here Steven and I am also and have voiced my opinion to Peter many times over the years. I dont hold him accountable for our current situation as I know he has worked tirelessly to keep the company afloat and to get backing. He didnt cause the financial melt down or the gold price collapse which lost us our JV.s. Many of the majors still havent gone back into taking up juniors as exploration partners. We still have interested parties in Muller and Im still betting Anglo will want to come into Bugalo at some stage. The money will also help secure Tolukuma and may even get us back into Sinivit although we have to wait on that on for a while. The Forise deal may not be the best in town but that doesnt mean it wont be. $6m to get back to the drills will do me. It will go further than you think. Peter hasnt left FNT, he just stood down as chairman and one the Chinese come in they will have a dominant presence. Paige is better suited to deal with them and keep Peter where he is best suited which is on the gold and copper. I'm in until christmas at this stage and will then decide and may still top up at this level at some stage. Crazy cheap imo

GD