I said November because I believe that will be about the earliest I feel serious bidding may happen assuming the mining laws are passed by Sept.

I spoke to Marla this week and she stated probably early april before Aurelian and Ecuador have come to an agreement

But even then I feel like it needs to be govt law before we can get serious bidding action. just my gut feel.

I think I am one of the lowest bidders at $16.00 low to $24.00 high but thats just me being conservative. I originally bought the stock at around $36 and change hoping to double my money.

My average cost now is $8.64 so I will be pretty happy if we can hit $16.00 or higher. I would gladly sell half my position at $16 and let the rest ride.

I'm still contemplating buying another 40,000 shares.

Before my next purchase I want to have a lunch with one of the analysts who wrote one of the recent reports.

I will update if I can get that to happen in the next two weeks or so.

I will also probably have a discussion with one of the senior managers at Aurelian. I know they cant tell me anything that isnt made available to the market but I'm looking for a gut check.

The only other concern I have is something occurs to start to erode the POG between now and a close sometime in the future.

Regards