A Year Ago, we were still hyped up about Hart and the fact that it was sizable enough to replace McWatters. Open Pitt and longer mine life.

A year ago McWatters was experiencing delays due to the water fault.

A year ago we still felt pride in our shares.

I may be nuts but I do miss those times.

Our financial reports are going to reinforce why this financing was so essential to us. No one forecast what was going to happen to the commodities sector. Little did we know. This financing - no matter how unpopular it is - was the only way to allow us to rebuild ourselves. Last time Gary started with $850 in the bank and properties just with drill core results. This time the mill is built, Redstone can get going again and McWatters is 3 months away from full production.

Am I disappointed in how the deal played out? Yes, but this is the result. Three auditors are working on our books. Paperwork has to be done with the Chinese. Requirements have to be met with the TSX. I am glad it is not me having to meet all these hurdles.

I hate to see our board dying. There were many good times here. This is not the only company that had to make these difficult decisions. At least with this rebuilding the assets are still in place. It will not be easy. There are alot of unknowns that we face as shareholders but soon I hope we will see news start flowing.