Ashanti Gold Corp. GULSF

RE: RE: Rig move announced

[pmrider]

Doug Richdale was the one that was selling stock at the time. The optics of that did not look good. However, you must remember that when he sold, they had not reached any of the target zones. It was not that he had inside information on the status of the hole. At the time he sold, there was nothing to be known. As far as the lawsuit goes, it is a nonissue and is being dropped. Most people (including myself) were ticked off on the Laurel Valley play, because the hole was completed within 14 days of the start of drilling. That was way ahead of schedule. If you had plans at that time of taking some money of the table before results, that decision was made for you. There was alot of confusion at the time, but when people realized that the boats were sailing to move the rig, the jig was up. No such thing with the public availability of this type of information of "tight hole status". I know that Richdale was severely chastised for this by all associated with the play. This is all history at this point and doesn't change any of the facts that have been discussed recently on the Ridgewood and Petro Canada plays. You pay your money and you takes your chances!