Mark,

I can appreciate your sense of frustration from your post and the message to Karen.

I am one of those who would like management to do something about the review of the company from one analyst that was not based on facts, and I have contacted the company with my suggestions. However, I don't undertand your suggestion in the e-mail to Karen, especially the underlined part

"Dave should contact Sean Boyd asap and arrange for what will be the inevitable deal endgame sometime in future, a 5-10% Friendly Transaction for Borden Lake only, based on the upcoming new RE..."

Perhaps you could expand that a bit?

A few questions on the above are shown below:

- Why should Sean Boyd be contacted by Probe asap... Sean himself would know when to strike. Why should Dave deliver Borden Gold on a silver platter to Sean. We are talking about a company that is NOT desperate. It still have more than $20M for about 1.5 to 2 years of exploration, before some additional financing is needed.

Sean Boyd of AEM already had a good deal for 9.9% of PRB as a strategic investor, and to act as a "guarding angel", just in case other majors want to scoop Probe up with a (low-ball) offer. In other words, AEM would have something along the line of the ROFR.

- 5-10% premium over the current SP? (that would be a fire-sale price?) If that is the case then Dave (and the BoD) would not perform their fudiciary duty to other shareholders (i.e. maximizing the value of the company for their benefit). Perhaps, this deal would be deemed as an arrangement between insiders, and it could end up in a court case. With 9.9% AEM is not an insider, technically, but technicality has its limit under the law.

goldhunter