Just got off the phone with Sasha. In the midst of this calm that we see on this hub and our SP, he has been going crazy with setting up GNH for the next phase of development.

Unfortunately, and fortunately most of what he has been dealing with he said he is not at liberty to talk about but gave me a brief and vague summary.

They've had their quotes from 2 drilling companies and the decision of who is not his to sign but it is imminent. Apparently this process has gone quite well for them.

Financing is moving well. They are down to the short strokes on 2 instiutions and it is looking like both may be involved. The lawyers are starting to get involved so I'm sure we can expect another 30 days before we hear of any closing. I didn't ask about the price, but I think they will get the total amount they are looking for.

James Tilsley is still very optimistic and will hopefully be able to us shareholders some love in the near future and when drilling begins.

The selling pressure appears to be over. There was someone clearing their position from the US and that has stopped.

We can expect a corporate update style press release in the coming weeks.

I have personally booked myself on a flight out to see the property with The Hoov and some of our other prominent and knowledgeable brethren for a site visit and to particpate in a 'Town Hall' meeting with the locals and get a feel for the land and it's people. Very excited about this.

That's it. I have yet to sell one share of GNH although I must admit I would have liked to have moved around some 'traders' and took advantage of this recent lull, but frankly I'm more of research, buy and hold kind of guy.

B