breakout, page-24

Hi Moorookamick and all,

I wish to apologise for my previous post as it was a little mean spirited. It is clear that all shareholders have been misled by the various dates given by the company for the resumption of mining.

The last few months have been frustrating for both shareholders and the company management I just hope that the current resumption date for June is indeed accurate and that the bonanza grades can soon be booked as actual production figures.

In the meantime I hope the management and any staff still on site are spending their time fruitfully. I feel every electrical and mechanical component vital to gold production should be checked , lubricated and ready to give 100% of maintenance free service for at least the next six to twelve months. Any production loss to equipment failure after these many months of inaction would be unforgivable in my opinion.

Equally each and every sweet spot should by marked up for drilling on every accessible high grade mine face.

I hope the management continue to be diligent in the conservation of the no doubt dwindling amount of cash in the till and looking at any and all cost cutting options for future production. I am confident that this can and will be done with a high regard for the safety of all site employees.

And as long as I am explaining what my own grandmother taught me about the gentle art of sucking eggs I humbly suggest that the management refrain from supplying market and price sensitive information unless they are 100% sure of what they are saying.

Whist it is clear that there will be little to comment on here between now and June I would not wish to discourage the many valuable contributors we have on these threads.

I still believe that the amount of printed money pent up currently within the banking system will one day leak out and start the next inflation round and that this will lead to better Gold pricing in the future. I was also reading this week about official import numbers for gold into India and China being down; however, it would appear that people are still going to great lengths in regard to non- official gold imports. 0.6 Kg capacity I thought was impressive as was the diligence of the customs guy! Mind you the guy’s loss of some $27,000.00 worth of Gold must have been something of a personal bummer! I pass on this item without verification; however, I did note the date!

Snippet from the link:

“The man was nabbed by customs officials on April 1, arriving from Mumbai on a domestic flight. A cavity search revealed that the man was carrying six 100 gram gold bars concealed in his rectum, according to customs commissioner VPC Rao, who spoke to India media.”

http://www.mineweb.com/mineweb/content/en/mineweb-gold-news?oid=235978&sn=detail

Cheers and very best regards: Andy