I wouldn't expect any additional news while we await word on the status of the latest financing that should be fully subscribed and possibly over-subcribed. When this is announced our SP should have the drag on it reduced allowing for a more positive move up. However, the permit will be the real catalyst to move the SP forward and given the history of KRY and VZ it is quite possible that until the permit is announced any SP moverment will be muted.

I am more positive on KRY these days given the JV merger. Without any JV partner we were dead in the water and the hope of recovering any investment was limited to none. With the CRRC as our new JV partner, even with a significant loss of ownership will provide a much better opportunity for the preservation of our capital to perhaps a nice capital gain issue moving forward. So until we get a NR announcing the latest financing is completed we must stay patient (with KRY you better be able to do this); it will come any day and it is expected to subscribe fairly quickly and perhaps before June 30th.

I am now seeing the light at the end of the tunnel, which is something I have not been able to say about KRY for quite some time. As as per usual, it continues to rely on the status of the permit. Good god almighty, give us the god damn permit and lets get on with this....looking for closure...Take care all.