Hi BGT,

If you visit their website www.pedimentexploration.com you will see the latest report. I have signed up for their news alert e-mail service and that's how I first got hold of the latest report.

Obviously not good reading but as usual everyone has paniced and oversold this stock. It did take a long run up and now those speculators are selling off on this news.

For me this is a great opportunity to buy back in and today (after three days of sell off) I bought back in at $1.80. There may be more downside yet but I will nibble away at the stock until it reaches a support level maybe at around $1.50.

Good news will of course turned this around immediatly.

Pete