It is a very good question but I can't answer it as I don't know why. I have lots of theories that I could list. Some good and some bad. I would like to know the answer as well.

If I had to guess I would say they felt this was the best and safest time to do a PP. While the share price isn't a high as I would have liked it is probably higher than when the offer was first discussed. Deals like this take time. Even with our JV our cash flow for normal operations needed an injection. The Chinese are covering all the costs of LC but cash won't start for 2-3 years.

The 35 million may be tied into the settlement with the note holders. The notes are due the end on 2011 and we won't be selling gold till 2013. It is possible that Fung has worked out how much they will get from CRRC for their equity stake once the deal closes and knew they needed extra money to complete the note holder settlement. This would be a great deal if we were able to buy the notes back for $25-$30 million and not have to pay the 100 million plus next December.

Like I said, it is all speculation.