Hi Midnight26 and all, Well if nothing else for the moment we...

Hi Midnight26 and all,

Well if nothing else for the moment we look like we were correct not to sell to Drake ay 4.6 cents. Although some might say the smart move would have been to sell at 4.6 cents and buy back in after the failed takeover offer closed; however, I doubt I would have got my holding back had I tried that.

At the moment I don’t feel there are too many shares floating around in this market as the shares are in a few very strong hands. (20% - 85% at a guess)

Technically Drake can’t add to their holdings for six months after the September bid, and then I’m not sure if they are limited to 3% per six month period.

I know you don’t see a the Gold price having a great influence on these small explorers; however, as it’s just ticked over the $1,200.00 level I don’t think it will do much harm.

Any idea when we can expect to hear about the next drilling results?

Cheers and very best regards: Andy