news: quarterly report, page-2

Hi Robert, I have just had a quick look through the quarterly and imo it looks good.

Some of the good points I like

- The increase in production is on schedule for early 2009.
- Mining at Munali Project is exceeding expectations.
- The Uranium Project that they hold 30% in, is all go for the BFS.
- About 25% of their Nickel is hedged at $10.71 lb.
- Some exploration prospects are looking interesting.


The one thing that stands out with Albidon is the management. They get everything done on time or ahead of time. Even the capital rasing was done at a premium - last Dec at a 24% premium to the sp.

IMO this is a buying oportuntity.