Sharky:

Recently, we have been approached by a number ofparties interested in securing participation with us in either the existing assets, our planned Algar expansion or new projects, so this also remains a potential source of future funding for Connacher. These alternatives will be critically evaluated and only pursued if it is apparent our return on capital could be improved and our operational flexibility and growth profile would not be compromised.

I take the above statement to mean; "Our intent is to complete the Algar project unless, we get ino real "do do". Then we will do whatever we feel we need to do without regard to share holder value. Except of course, constraints placed upon us by our now extensive loan lending covenants and the interests of other large shareholders and insiders".

"Not to worry. The first to be disadvantaged will be the lowly retail common share holder, as per the norm"

Brian