Technicals at this point do not mean much to me either. We have been punished for the dilution and the bad quarter and sit at a price where we will likely consolidate and move up slowly (especially with Scotia putting up that huge wall). However, like I said after the conference call, the current management seem to have a good grasp of where mistakes were made and have been making some good mining decisions now to turn things around.

Hi grading the deposit which was suggested here would of helped our financials possibly and made our head grade look better but I do not think it was either possible or a smart mining decision to do so. These guys now have a master plan and they want to see improvements like us but their main focus is the long term viability of the company, not creating a quarterly result to spike our share price to give investors with short term objectives a means to get out. Value is being built everyday here and our resources in the ground and the gold fundamentals (it was nice to see gold pop last night confirming the end of that retracement) put this company on a great footing for the future. In a year from now, we will be looking at 200% gain or better if management delivers even close to their projections so I am comfortable waiting for them to deliver.

Glorieux