I have been listening to the "experts" on the financial channels and while I do not pretend to understand all that much, I do understand, that according to them, "it" ain't over yet. This is especially so with respect to the commercial banking industry.There will be more negative news to come because of the ripple effect AND also because other companies have not shown the transparancy that the investment community wants to see.

IMO, Nigel, as a financial guy, is very aware of what is going on and what may be yet coming down, stream. He will be very alert and careful with whom Sage Gold will do business with. Due dilligence goes both ways regarding the borrower and the lender.

Sincerely,

Jerry Francis