Ann: Quarterly Activities Report, page-5

ok, it was a genuine question as to " What exactly is DGR doing?"

Have spent some time this weekend as due to my rants and raves of late - I now have a new appreciation fo the DGR Business, and wanted to find out if indeed we were being informed.

I am glad to report - it is not as bad as I thought.
But I also consider that DGR sells its true business poorly.

Comments:

Firstly - we must stop referring to the DGR stable of listed companies as subs. They are not. DGR has no controlling stake in any of SOLG, IRR, AJQ, DHR or ANW.

DGR, understandably does not misrepresent this , and to me this was one of the revelations that caused me to now look at our holdings in these companies, as just that - holdings.
In the regard of these companies, I see we are investing in DGR as nothing more than a fund manager, a poor returning one at that, and simply a middleman clipping your ticket to an entity you could do well better with by holding yourself. And DGR clips it big without affording you any control over matters during the process.

So lets look at now, what I consider the DGR business

DGR is invested in SOLG, IRR, AJQ, DHR and ANW.

DGR provides, for a fee, Management services to ANW, and potentially other companies of interest. (NB: I need to look into this income stream further as it is an income stream of the DGR entity that I do not know the extent of.
Can anyone advise if which other "Daughter" companies this arrangement is extended to?

DGR Has subsidiary companies

- Aurburn Resources (63%)
- Coolgarra Minerals (100%)
- Pinnacle Gold (94%)
- Albatross Bauxite (100%)

The Above four companies are potentially the next ANWs AJQ's and SOLGs..

I plan on watching what is going on with them further - these are the crux of our business and what we pay our directors and managements for.

What I have seen to date is overall less than encouraging.
So lets see some progress.