Sometimes we have short memories.Back in the summer when the financial environment was much better ( as well as our sp ) everyone was in the dumps about our poor sp and couldn't wait till the fall, which was hailed as our savior season. So, welcome to the fall! Here at sgx we were all waiting for kxl to release great results and drag us along to new highs. Nigel has over 3 million shares and was buying regularily in the .25 -.29 range earlier in the year.

The fact is nobody saw the financial and economic collapse coming, especially as fast as it did. If we had we would surely all have sold our shares months ago! But we didn't. Look at 2 of the great discovery stories we all follow. Kodiak- $5.04 high-.86 low , Noront high- $7.42- .90 low !! Believe me ,I am not happy about this, but I don't blame management.

Under the current conditions, it's great that we now have some money and will survive,which cannot be said for some of our fellow juniors. In hindsight maybe Nigel should have done a private placement at .25, but then some would have said we should have waited for kxl news and do a pp at .60! Nobody however has a crystal ball and this whole mess happened too quickly to do anything differently.

So here we sit. A pp @ .125 and money in the bank. I bought @ .09 today, much better than the pp. For those of you who chose to complain, I suggest you do the same and consider yourself lucky. Better times lie ahead. Rico