Hey Sum, I am enjoying your balance.

Glorieux:

When Eagle 2 was announced and we had our great run up over $7, I remember one transaction: 274k shares at $6.90. Now, this is the kind of big money that is sitting on the sidelines, waiting for confirmation that we are the next Voisy's Bay or Raglan, possibly Sudbury. "

SUM:

How do you know they still hold all of those shares? They may have taken a cerain profit of loss, depending on when they sold and gone to cash on a good portion of it or all of it.

Glorieux:

I have no clue what was done with those shares. Were they flipped for a small profit, were they sold at a loss or are they still being held. My point was when we have market moving news, the big money will come again. To say that these awful markets will not recognise a great NR is ludicrous. We are already undervalued and seriously at this point. The whole market is and we are caught in it but when great news comes, it will move us. Just the posted rumor of a big hole at AT12 moved us from $2.80 to 3.50 in one afternoon!!!

The fact that majors are going around and buying up other juniors, smaller producers means they believe there currently exist good value at this point. Can we go lower, I have learned to say that is impossible. However, we are sitting in a great position and someone buying today has a good chance at a double in 2 months and a 5 fold in 1 year with minimal downside. The volume today confirms that not many are willing to sell at these levels.

Cheers,

Glorieux