1) The entrance of our recent large shareholders may indicate an intent to push SP up there and motivation to pressure management for shareholder returns. Further investigation of past examples and links would be useful. Especially of Sprott. - - - - - 2) to me this is a big deal. Smith and Pat green-lighted Granger to fasttrack Magpie IPO. This will be the first gift Smith has given his shareholders a gift for hanging in there with him through both ups and downs. .................... It is symbolic of a new proactive Fancamp with large shareholders to attend. It's not a coincidence that shortly after Smith moves Granger to chairman, because his specialty is increasing shareholder value couple with legal savy and a lot of contacts, that Magpie will get it's long overdue IPO. ..................... Coincidentally this is the same time we began receiving profits from FWR transfer to Cliffs. It's a great way to begin a new year. Think on this: there is a strong possibility that a buyer is interested and is waiting for Fouad's results. If true, one could see the motivation to separate Magpie before the strong possibility of a Fancamp hostile offer. Yesterday Mineralfields gave their blessing to IPO Magpie, so they are keenly aware of FNC's vulnerability (mc is cheaper then concrete valuation). ................. However, I've got a loud impression that fnc management feels they are losing control of their tight knit group of shareholders and must entertain the fearul notion that someone may be accumulating or making backdoor deals for a takeover. - - - - - - - - - - 3) Each time Champion releases an Iron ore increase, our SP will pop. they have at least three drills, well funded, moving like lightning with motivation to prove up and sell. There is no pretense of a prolonged development project. ....................... They anticipate doubling current ore by end of first quarter, not by end of the year. That may be too ambitious, however you've got to love that their motivation is to give the dance card to the lurking suitors Arcelor and Cliffs. Smith mentioned several other majors who might be motivated to contact CHM. ....................... I've got to believe that the larger the Major the longer they can affrd to wait for closer to 5 billion tons ore where as someone smaller might want to save a little with higher risk and make an offer sooner. Should this occur the larger major would be forced to enter the dance. - - - - - - - - 4)Mcfaulds is back in action after hibernation. - - - - - - - - 5) I'd like Smith to fast track Lac Lamalee drilling. Perhaps offer Arcelor or CHM to earn 50% interest by buying our Pat and drilling it asap. Offering to Cliffs or Arcelor would be an open declaration of a bid war as CHM has first right of refussal. the point is, we need to swiss cheeze it. - - - - 6) RGX. Granger is working to free up shares. I would like it in dividends. they'll need it to keep up with CHM spending. -sg