Ann: Tenerife MT Survey identifies geothermal dri, page-6

re: Ann: Tenerife MT Survey identifies geothe... Whist your scathing comments are understandable the latest report does say:

"The Company is aware of the need to conserve funds and has put in place severe cost reductions to salary levels amounting to a 60% pay reduction. In addition, the directors have agreed to a reduction of their annual fees by 50%. Furthermore, the reduced fees remain unpaid at this time and the directors have agreed that the reduced fees will not be paid whilst the need to conserve funds is paramount."

So it all looks pretty grim and benny's recent comment has a prescient ring to it.