As I mentioned a few days ago, Marla advised me weeks prior to the offer, that a major was buying ARU when it was at it's lowest.

In the offer, Kinross advise us that it was not them buying shares.

So some major out there is known the have been buying our shares, and has what in store?

Who is standing behind Door #2? and how badly do they want the prize?

And would they consider a joint venture?

Bear in mind, we still haven't found the western fault. (I have my own theory of where it might be) There is also the question of other deposits which may be found. Dynasty has already shown there is more economic gold in the region, and our concessions have many gold and copper targets. We may be giving up something we'll regret losing years from now if we sell outright. If we JV, we stay in the game and get to be part of the history of mining in Ecuador.

We keep hearing about the political instability, but in my opinion, the worst is behind us. In years to come, Ecuador may be seen as one of the best places for socially conscious investors to place their money. You may not get the quick returns you do from flipping stocks (which seems to be a popular sport in this sector) but the steady year in, year out returns from such a stable investment would more than make up for it. Remember, every time you flip a stock you have to be right twice: first on the buy, then on the sell. It only take a few mistakes to wipe out all your gains, and the minute you sell, you have the problem of where to go next, and let's face it, gold is getting scarce, and there just aren't that many places left to go.

ebear