Ann: New Research and Strategic Review , page-14

kk, we all know that the Fiale project has been publicly claimed by EHR, but never publicly acknowledged by Djibouti. We also know that the Ministry in Djibouti are openly soliciting interest from the Mexicans etc.. which could undermine EHR's position.

If indeed, EHR does own the IP in relation to Fiale I think it is in our best interest to exercise our rights as owners of the IP.

As for what would make this announcement sensitive for the market ... The prospect that EHR will be engaging a "market maker" is definitely an exciting one. Torey has spoken often about the fact that the big funds have rules that won't allow them to touch a stock if it is under $50m mcap. Perhaps, this annc is suggesting that this boutique company will play middleman in bringing the company into the purview of the major funds. Of course, it's just pure speculation, but if major funds are interested in EHR then there is some good money to be made by a middleman who buys up stock to bring the mcap up and then distributes to the funds, for a healthy profit.

Essentially, this annc is making it very clear that the market hasn't given EHR an appropriate value, so Torey is going to get some "boutique" company to do the job that our market should have done in the first place. Of course there is no mention as to how this will be achieved, but I'm betting it will be on-market accumulation mixed in with a bit of good old fashioned PR.