I fail to see where doing a 10 mill share PP at 3 cents with IBK does anything to enhance shareholder value. I have no problem with the 43-101 but they could have used their existing capital to finance it When you're sitting with $3.4mill in the bank you don't go to the nearest moneylender to acquire another $500k, before commissions and expenses, and give away 3% of your company to get it.

Snug asked for ideas I gave one in my previous post, they should hire an IR/PR guy. Here's another one, lets ask the BOD a direct question "what key decisions do you believe the company has to take that will maximise shareholder value" After all these guys are being paid to provide direction to the CEO and the company it's about time they earned their money.

Spider has one of the largest land holdings in the ROF there is no question that when a major comes calling they will want to take out Spider. Personally I wouldn't want to see our share value sitting at 3,5,10 or even 15 cents when that discussion takes place.

All IMO

GLTA

Joe