Bob,

1) It is clear from hansix' comments that selling forward is his (hansix') theory. Since he has never had communication with S and B it can't be "fact" unless he heard it from Webb, which I doubt. So we shouldn't view hedging as a "given" at this time. Your posts seem to imply it is. I infer it is hansix' theory, which could indeed be accurate, or not. I do give credibility to the idea that it is being seriously considered, but even that is only an opinion.

2) My preference is the funding partner approach. I was the one who brought up on this board the GORO deal with Hochschild. I see no evidence that this approach is not being considered. All it takes is an offer. We are getting closer to being considered a late stage development company by even the most discriminating of potential partners.

3) There is no way to rationalize anything negative about Interinvest being in the market buying shares on a regular basis. Their original shares are profitable on paper but they aren't selling, instead they (Black & co.) are averaging up. That's my kind of shareholder in a company I own.

Strike