Ann: Results of Meeting, page-70

No worries, yes it is good to see how highly they rate our Redmoor project. That was the main reason I invested in NAE, and I still believe the potential here is huge.

In my opinion managment have done a great job to get us to where we are so far. I've only been a shareholder for about 2 years but the only time I have faulted them was after our recent CR. maybe some of the guys who have been holding for longer may think differently, but we have been in a strong uptrend for nearly 1.5 years so they must of been doing something right.

It seems like everyone dislikes their decisions while the SP is falling but on the way up they are geniuses.

When I bought in, NAE had hardly any cash in the bank, Lochinvar on hold, and only initial drilling stages on Redmoor.
We now have a nice diversified potrfolio with an acquired gold project, highly valued Tin/Tungsten project, plenty of cash in the bank with operations at Lochinvar commencing.

Yes they could possibly speed up our projects and have sold Lochinvar while coking coal was hot. But I think if your in NAE for a medium/long term investment, you can understand the scale of our projects and potential future SP.