Market reaction seems to echo many thoughts posted here.

Firstly "shortly" is a loosely defined word. Most believe, myself included that shortly was the wrong choice of words. Jim should have used a somewhat more defineable timeline.

There has been a solid albeit slow climb in the SP and the stock has held well over the last few months with what could be described as a real interest from the market. Anticpation of drill results, potential to an expanded drill program depending on the few holes that are pending and mill run rates/gold extraction numbers is what all have been watching for. Many have thought "finally" and sighed some relief. Oh the ride for the JV investor...

Now the NR of PP for cash to fulfill McFauld's committments. Yes Jim was hoping to do this from mill cashflow but it seems that time is getting close to the Feb. deadline and he wants to get this one committment over and done with before Christmas and the Dec. AGM. So where is market sentiment today? Based on the drop of the SP on considerable volume yesterday I would think there are certain presumptions being made. The mill has had difficulties and the drill results are also not as expected or as hoped for? This is presumption but forward thinking and emotion can break a stock's back. So where are things likely to go from here? Now more than ever is a NR needed to address theses issues. Protracting news will only hurt the SP. But if the news is not good or better this will also bring down the SP. Between a rock and a hard place.

Not a warm fuzzy feeling right now. Let's hope Jim is sitting on a pleasant surprise. If not I think we will be waiting some time before we get to where most of us want to be.

"Youz plays your money, youz takes your chances."

Cheers from the Middle East

B.