AE stated at the AGM that they would look first to a startegic ppartner beofre diluting with a PP. The Company has been very good at keeping a low share base.

As for retail, AE told me he gets frustrated that retail tends to twist words in news releases, assume things and generally misinterpret what is being stated. So it is not that he hates retail, just gets frustrted with them.

As for the news blackout - it was the parth they chose and I suppose it was fine and dnady up until the PEA delay. But at that point in my opinion they could have provided some news that would keep us better informed.

The M D & A just released is standard fare.