hi guys

national bank revised share price target from 5.50 to 4.00

because of the market condition.

they are not the ones who rerevised it at 1.75.

on the other hand dont forget the role that national bank is having in the kodiak story. they will surely never show up and say anything neutral .

1.75 is a little low in my opinion but 4.00 to 4.50 in a little to optomistic for the next 3 to 6 months , to reach that number the global market need to be in a real big rally , they have to release results whit bonanza grades AND a rumour of a take over running.

i do not say that the share price could not be around those numbers at the end of 2009 in fact i think that end 2009 to mid 2010 it could be much higher than that .

once again those investments need a lot of patience and a lot of faith.

whit the picture i m having right now i should be back in sage soon

still having some reserves on the management but do i like the spot?

time will tell

keep the faith

dmaster