Hi bbwanaa

From your lips to God' ears. I am at loss how you came up the 2.9b for shareholders using your NAV valuing instead of. Rem CLL has 450million shares outstanding.

But I agree with you the mistake they made was being aggressive. But Algar was conceived and even commencec building before the great crash of 2008. I always thought that they were aggressive towards the oil sands,even at one point they had a slogan " It is all about the oil sands" It was dumb not to diversify in sweet oil, they tried to do that after the fact.

Management also suffered from hyperopia, the exact opposite ofg myopia, they diluted cll value by issuing shares to buy gas company and that was as a result of their focus on oil sands. They did good with refinery though

One q to the board is and one of our great contributers can help me is assuming jv is found how much will they pay to get 50% and is this 50% of the entire cll or the next expansion and would that help cll reduce debt or that will be striclty for expansion. Let say cll finds partner willing to pay 200m to get half of whatever can that 200m be applied toreduce our debt or is cll forced to use that money to fund expansion, does cll have the luxury to reduce debt using the jv injection and fund expansion with cash flow

also if jv is for 50 % for the next 24k expasnion how much can we potential get and if the jv is for th 50 of cll how much

thanks

Believe