I spoke to Peter today on the phone for about 40 minutes , can I...

I spoke to Peter today on the phone for about 40 minutes , can I say what a lovely guy and very informative, this is the first time I have spoken to him since investing in Discovery I used to speak to Kevin when he was on the board and I really like Peter's honesty and the conversation wasn't about how much blue sky Discovery will have in the next few weeks months, we talked about the good and the bad things that have happened over the last few months, but I am lot more confident that we will see some share holder value back in the share price soon.

We both agreed Tanzania is very exciting and the trench work had finished and we would be looking at assay results in around 2 weeks, he seemed quite excited but of course couldn't tell me anything that is market sensitive.

I asked him if he knew where the selling had come from as I thought the old directors would of been dumping there shares, he told me there shares were on hold until the court case proceedings had completed, I think as a company once this is done its another part of being de-risked. He explained the company who got 10 million shares for the licences have dumped 7 million and have 3 left.

I also asked about maybe a JV when we organise a drilling program for Tanzania he explained he wanted to clear the court cases up so we are clear of any issues so we can move forward. , I totally agree.

I also asked about the cash balance and he said it seems ok at the moment, I explained what about when the drilling program starts how will we fund it, he explained if the court proceedings go to plan that will fund the drilling program, if not small raise to the market of 500k to 1 million , but with a set of good assay results we could raise at a lot higher price , we didn't go into much detail.

Overall very happy, think we have a really good chance of turning this around with himself and the new directors on board, looking forward to some results and something we can all discuss.

I sit back and wait, maybe even top up ;-)

GLA