In April we did a flow through at $1.83. In fact, on April 20 I did a post where I calculated the breakeven price on a $1.83 flow through was $1.22. At the time we were range bound between $1.50 and $1.80. Since that PP, we have not seen $1.80 again....ever. As a matter of fact, it wasn't long after that flow through that we found the $1.22 price.

Now at a time when our share price has been decimated for months, what do we tell the market....that we are undervalued?.....nooooo....we tell them we are overvalued at $1.25....so much so, that we are willing to do a flow through at $1.25, where the breakeven to those getting in is about $.80.

Now people may not like the complaining and bickering going on here....perhaps they think it does nothing to help our share price. Fact is....it's managements job to maximize shareholder value. How can they possibly explain how this is helping shareholder value by telling the market we are giving shares away at an effective price of .80 when our shares are trading at $1.25 (which itself is a beaten down shareprice from about $1.45).

Then....after your shareholders show their outrage...do you reconsider?....nooooo...rather, they up the offering. And the icing on cake...........it is an exclusive offering to Dundee it seems....is that right??????? AND THEY HAVE TO PAY A 5% COMMISSION ON TOP OF THAT?

Now....for you people out there that don't want to read all the complaining....could I maybe suggest you just go away for a bit and let others vent. They certainly have just cause....and I promise you; it will do nothing whatsoever to hurt our share price.....management has taken care of that.

Get ready to buy low. Maybe we will get lucky and we'll only get into the $.90's.