It seems that Fresnillo's IPO in the London market involved the efforts of J.P. Morgan. J.P. Morgan inherited, through some mysterious dealings with the Treasury, the entire silver short position previously held by Bear Stearns prior to their going down. Following, the silver market was given a severe beating by the banks. Does Morgan have secret plans with Fresnillo to deliver silver to them to physically cover their shorts? If the Company goes to Fresnillo, will some of our silver production go to J.P. Morgan???

I smell a rat.