Ann: Sipa Reaches Agreement to Divest Thaduna, page-30

Its of little use owning such a tenement IMO if you can no longer afford to explore it and you can no longer get anyone to JV with you to provide the money to do so. Even Antofagasta passed on that opportunity. For a tiny explorer Sipa spent a huge amont of money on Thaduna.They gave it a bloody good go. Which is open to opinion of course. I wonder how tolerant shareholders would be if Sipa continued to focus on Thaduna for say another 2 - 3 years without result. Lets face it the commercial reality is that without results the market would tire of the story. Cap raisings would be getting done in the fractions of a cent. Scrip on issue would run into the billions.

This company is not doing badly compared to its peers. The market cap is still over $20M. That is phenominal in the current market for specs. Have a good look through the spec end and see just how many explorers even come close to that.

This is no longer the company it was. It is under new management with a new approach. The past few months have seen some major decisions made in order to change course. I think the new M.D deserves a little longer than 6 months before we crticise her as being no better than the previous regime.