I didn't get this edited in time to replace the initial message..so here is the one I wanted to post.

Such non-cash impairment charge has been taken to comply with accounting requirements and does not reflect the Company's continuing strong belief in the project, its commercial prospects and the likelihood of the receipt of the Permit.

I can't recall seeing this strong a statement regarding the permit. I think the change in the wording is telling. Could this be part of what we were supposed to notice? ...Then there's the following......

the Company received a $2,500 loan from a potential

strategic investor.

........seems to me that this is just a legal move to establish some legalities concerning the relationship with this 'strategic investor'. It certainly isn't an amount that they would have had to borrow. Would I be right in this, you legal beagles?

Then the part about running out of money at the end of June. The've said before that they would have money till the end of June, but never stated that they would run out at the end of June....this also is the same time mentioning that the $2500 is payable at the end of June......something in that....I don't think that is a c0-incident.

Pen