I have difficulty reconciling the 'negotiating a sale' theory with the recent dilution to raise $6M. If the BOD is halting exploration and already negotiating a sale, why dilute? A huge dilution can only hurt their bargaining position in negoting a sale. The best sense I can make of this is that they do intend to expeditite a mine and plan to use all cash on the mine project and $0 on further exporation. But that still begs the question: why dilute during tax loss season when SP should be at its lowest?

Randy

(freely admitting that he has little knowledge about the intricacies of financing)