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Message: As I Recall From the AGM In 2011

Hi Rinky

What I'm afraid of is that the SP is being kept in a narrow trading range (in the .20 to .25 Cent range) until the money in the treasury gets low. Then, a PP at .25c - with the CEO claiming that the market is so skittish that the only way to raise money is a PP - and it is being done at market, not at a discount to market like last year. And we definitely need the cash to start working on Vilcoro.

Take a look at the new IGD placement. Doesn't look like it was open to the general market, does it?

What was it you always said? If it quacks like a duck......

Enjoy the summer and hang tight.

Ismore

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