I suggest that this is not the time to consider bailing out. Firstly, this weeks PP was a final tranche of the October 2010 PP. It may have been best if the company had received that PP as one payment, as it appears that this is an additional PP, above what has already been announced. A significant part of fund rasing has gone to brokers - e.g 7% for "introduction" of investors. According to accounts, managements cash pay does not seem to be excessive. The company does not generate much revenue, after costs, from gold sales. Therefore, most cash raised is being directed towards drilling / upgrading of assets.

The reasons for holding at this stage, include, but are not limited to:-

1. According to the 43-101 report, the Barry gold ounces would have been higher if the management's calculation basis were to have been used. However, the SGS calculation model excluded ounces that may produce a large increase in Barry's reserves during the course of the 25,000m drill campaign. This started on 14 October 2010 and therefore some drill results should be available soon. I hope that managment targets early drills at locations which would confirm ounces left out of the 43-101.

2. The 14 December press release reported that the Bachelor drill contractors has switched shaft sinking equipment from "rehabilitation" to "sinking" mode and the first blast at the shaft bottom is planned before year end. This seems to indicate that managment may have a gold loan for Bachelor near completion. Otherwise, they would be unlikely to commit to shaft sinking costs, without knowledge of where funding is to be sourced. If a preferred gold loan were to be the form of funding achieved, then this is likely to have a very positive sp effect.

3. Also in the 14 December press release, it was reported that 1,000m of drilling at the "Diagnos" located high quality ore find has been started and that results should be released before the year end. If this high quality surface resource structure proves to have potential, then, being only 3km from the mill and sitated on either side of the mill acces road, this could add to the viablity of achieving a bonus to the underground Bachelor 43-101 resource.

In summary, if events go well for the company over the next few months, irrespective of the level of the gold price, then the risk / reward at the present sp, is in favour of reward in the near term. Also, if the financiang and drill results are positive, then managment could become to be regarded as "performers" contrary to the recent market perception.