fani,

Personally, I'd like to see Mr. Granger is acting as a chairman and chief executive officer of Fancamp till the Co. finds a good candidate to replace Peter. Mr. Granger has a background to practice law in Toronto for over 30 years, mainly in the corporate and securities law areas. Mr. Granger is not immune from dire calamity. Peter does not hold enough shares to be eligible to care for shareholders and he is not going to voluntarily step down from ceo.

IMO, MF declined the offer in the past and is continuously dumping shares in the market on purpose to do financing at low prices. The Co. should remove the MF's cause for relentless dumping and focus solely on the Lac Lamelle project which would cost around $1 million. There is no urgeny for incurring expenditures on ROF and desolation lake drillings at least for this year. Magpie does financing by itself and Champion will complete fully financed drillings on nine Fermont properties by year end.

The share buy-back plan deemed to be the most effective way to solve the ridiculous problem at this stage.