re:annual report, page-2

Sandys,
I first got into this one back in November 2007 at 13 cents. Not long after, Sentient Group, QGC, Elphinstone and Robert Bryan joined in.

We all saw the light at the end of the tunnel. The GFC, Rudd and Flood have stalled progress but it sure is comforting to have 46% of the company owned by the top 20 shareholders. There are some very knowledgeable and experienced shareholders at the top of the ledger.

Bob Bryan, who owns 31 million shares, is extremely savvy. He employed Richard Cottee into QGC and he has now been instrumental into getting Ian Davies out of QGC to head up VPE/Senex.

As I have said before " Moss does not grow on Davies shoes."

We are in for some very big growth.