Ann: Annual Report to shareholders , page-6

I agree, so many companies go the other way and dilute the hell out of everyone often for no good end. The Fe project is pretty indicative of the quality of management we do have. Of course, it would have been preferable that a trading halt was not imposed upon us, in fairness there have been many rapidly evolving events taking place, Getting La Isla, the tailings opportunity, the end of the Winter season, the fact that all of this is taking place in Chile (2 sets of laws to deal with C and A). Better to do this right and late IMO. Good point about protecting everyone's hard earned investment funds. It's over now, we move forward. Hip, Hip, Hooray!