Thanks Scott. Nice clip with Eric Nuttall from Sprott.

He was a little bit confused about the Connacher debt to cash flow ratio as well as the $200 million dollar high interest coupon convert coming due in 2012. He was not exactly sure about the CLL NAVPS.

Present CLL debt/cash flow is not as bad as he suggested. In my book is closer to 5.5 , not 10 as he said. Analysts numbers are in the 5 range or slightly lower. RBC guy has it at 4.7

The only convertible coming due in 2010 is $100 million dollar with a low interest of 4.75%.

He also said that he buys the companies in which the management have at list 10% of the ownership. He likes to know that when he feels the pain they feel it as well.

Connacher management as far as I remember owns about 1% of the outstanding shares.

Hopefully nobody will check his reasoning and if he has some followers we may see some buying tomorrow. I checked last 5 trading days (till February2). Did not see any trades by Sprott Securities. It looks like he bought in at $1.42/1.44 range.