Since my name has been mentioned...I just thought I would weigh in 

I will admit, I was certainly hopeful about magpie and am now discouraged over the amount of money and effort spent; which now appears to bear little or no fruit.  Also, this change in direction with respect to this partnership and some financial committment has me nervous as well.

However, I am encouraged about a few things:

1) Commodities have been in a bear market for a very long time now.  However, we have come through this with little share dilution, which is encouraging.  I'm hopeful we are nearing an end to the bear market 

2) Although much is said about the timing of share sales with respect to sx; the timing with respect to Argex and HPQ was good (in hindsight of course).  Again, the alternative would have been  to dilute 

3) I am encouraged that we continue to hold a material amount of CIA shares, along with valuable property in the ROF and interests in iron ore properties and some promising gold properties

4) I'm hopeful some near term value could be created with these gold properties; perhaps at a time when gold begins to shine again.

5) I'm encouraged that stock options were granted, not at the lows of $0.03, but at near highs of $0.15

6) Many juniors have been decimated in this bear market; so just surviving is commendable (I can give many examples of reverse stock splits and wipe outs over the past several years)

In summary, although nervous, I have been adding shares as I continue to see value in many places here.  Furthermore, I have not seen out of control spending, which is also encouraging.  I understand many expect value creation always, but sometimes you have to wait out these bear markets....hopefully, it is over soon and we can move to fair value.  In the meantime, things are looking up with respect to CIA and we should track their upward movement in the near term.

Wishing everyone better days to come....including Peter