Minutes of the December ExEC meeting
held at the Bell in Long Eaton on Wednesday 4th December 2002

Present:
Julian Kern, Terry Emmony, Phil Jones, Steve Spence, Peter Sweeney, Cynthia Brooke,

Apologies:
Mike Arkless, Debbie McDonnell, Ann Nurse, Andrew Smillie, Julie Grundy, Di Gluchowski, Paul Holden.

1. Rod Wood has resigned from the club and we need to pay him off.

2. Our portfolio only has one share in profit (Cambridge Mineral Resources. Currently unit value around 65p, not a good time for anyone to be cashing in their holdings in our opinion.

3. We decided not to sell any shares, so all the subscriptions we have will need to go to pay Rod, therefore no investments to make.

4. Next Meeting to be announced, in January or February 2003, will also be the third AGM. Suggestions for date and venue please.