I just noticed on page 18 of the Q3 Report the following at the end of the write up under the heading Shares Outstanding:

SHARES OUTSTANDING

In Q3 2010, the basic and diluted weighted average number of common shares outstanding was 429.1 million and 431.5 million respectively, (Q3 2009 – 403.6 million basic and 424.1 million diluted). The increase from the prior year was due to the equity issuances late in 2009.

As at November 8, 2010, the company had the following securities issued and outstanding.

• 446,934,343 common shares;

• 25,657,365 share purchase options; and

• 380,598 share units under the share award plan.

Additionally, the company’s $100 million of outstanding Convertible Debentures are convertible into 20,002,800 common shares of the company.

So is this how management is planning to pay off the Convertible Debentures in the long run? I know that they are just stating this here as an innocent fact however the management teams record so far on selling shares to raise equity speaks for itself over the past six years. This is something to think about.

Cheers; Scott