Ann: Results of Meeting, page-10

There are things in the companies control and things out of the companies control.

What's hiding in the dirt, bad weather and busy assay labs are obviously out of the companies control.

Slow drilling, lack of DD regarding consultants and advise on the stockpiles, dragging feet regarding government approval, slow monetising of long existing stockpiles and ascertaining the chemistry on the concentrate all the while drawing a hefty directors fee is within the companies control.

When the company states in June they are about to target drilling at various sites in June/July then pushes it to July/August. Then by November has managed 14/39 holes (albeit with some additional incomplete DHEM and nearly complete diamond drilling) and claiming that Phase 2 is fully funded when the bank will run dry prior to that being finished deserves a bit of scrutiny and some questions to be framed.

Where the blame lies, on management or on investors incorrectly reading the tea leaves is not cut and dried.