Hi Herb,

Nice to see your post as it reflects what most are thinking.

The last few months have been hard and instead of trying to fight a bear market, I tried to educate myself in TA and came accross a good website: www.swing-trade-stocks.com. Swing trading is hard as anything else on the market but there is some valuable education on that website and I recommend you and anyone who wishes to understand the market better and wants to be able to take advantage of these situations better do some reading here.

From my perspective, we went from 12 cents to 20 cents in a matter of 11 days. That is a nice 75% ROI that most traders would be ecstatic with. Now, we need a consolidation period to solidify our gains. If we can trade between 15 and 19 for the next few weeks, than that would be a positive thing. We will then have a stronger base for our next move up. If you choose not to trade and hold long then that website will let you understand the trading mentality and this will reduce your frustration level.

The fundamentals here are strong as we all know. Sasha said to me that those 6 holes were suggested by SGS not only because they will increase the resource if they are successful, but they are placed and planned for a depth that would be easy to incorporate in a 43-101 resource estimate. I like how this company is being really careful with OUR money and planning the next phase of development. The resurgence of higher gold prices and repricing of juniors will help us as well.

Good luck to you and look forward to seeing you at the golf tournament. For those that are joining us for this event, I am back from holidays so please PM me to make payment arrangements.

Glorieux