Prospekt, what role would EE have in the negotiations if any.....in your opinion of course. The reason I ask is that the last PP was lower than expected, closed very very quickly and no other financing has been requested.

I'm not sure I get the connection in those thoughts. I did assume the last PP was hastily arranged to pay for the legals, but now it looks more like it might have something to do with the Arizona properties that were announced today. We all tend to ignore the Arizona projects, but I get the feeling that a lot of work is going on with them. They must be planning drilling down there, and they have commitments to their takeover agreements with Sombrero Butte or the Bell one.

I would imagine EE will have a great deal of involvement in the negotiations whether sitting at the table, or in the background. I think Elmer told me at one point that he expected to be asked to a meeting (if Teck were going to make an offer!) at which point any offer would be proferred. If it was at all reasonable then he would likely have 10 days or so to respond. Then I would imagine that Elmer, EE and all the other lucky insiders would meet with their fair valuation people and their lawyers and come to some sort of decision.

Meanwhile, us shareholders, would be told they were having a quiet time.