thoughts on indepenent expert report, page-3

The Chinese change of control significantly derisked GDO as far as South African sovereign risk is concerned. The South Africans have been invited into the BRICS club and I believe the GDO deal was part of that. However the likelihood is now that the stock will be taken over before it can be a ten-bagger for us and certainly will never pay dividends in gold as all production will go to China. Still I intend to hold most of what I have until compulsory acquisition kicks in down the track.