Developing phosphate interests in the Georgina Basin, Queensland, Australia

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Message: Gutnick resigns as chairman of Royal Roads and Acadian Mining

Seems to me that Joe G is way too busy with LGDI and possibly NADL to spend much time with Acadian Mining and Royal Roads.

Both press releases stated:

Mr. Gutnick advised the Corporation that his other business commitments prevent him from being able to devote sufficient time to the Corporation's affairs at this time.

Being that it is the middle of winter in Canada, they're probably not doing much mining there anyway.

Also yesterday Attara filed with the ASX that it now only holds half of its previous mentioned holdings in NADL which is still over 5% of the company. Attara apparently sold that huge block(120 million shares) to Deutsche Bank back on February 2. Why Attara would invest almost $12 million into NADL and then sell off half of its' position two months later is not known.

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