This soft market is getting ridiculous. I picked up 80K shares at 3 cents and have another order in to pick up another 40K. To think that this was trading above 10 cents a few months ago.

They issued a quarterly update and MD&A on August 27 which can be found on their web site. The date shows June 31 but the content is up to date. They have 1.7M in the bank and are being frugal with the cash at the moment which is smart. With assets of 9M and a market cap of 3M (at three cents), it was too tempting to not pick up some more and average down.

Time will tell if this is a good decision or not. But at 3 cents every penny this rises represented a 33% gain on the buy-in. A gamble but then again if we all knew how low to wait before "buying low and selling high" we would all be millionaires.

M1.