Ann: December 2008 Quarterly Cashflow Report , page-3

Recent quote from the chairman

"I’ll now move on to Glengarry. During the last four years our share price has
generally tracked the overall market indicator rising from 3 cents in early 2005 to a
peak of 20 cents in November 2007 and then sliding back to just under 3 cents at the
present time. Our current market capitalisation is $8 million which is some $3 million
below our cash backing. Surprising as this may seem, we are only one of a number
of junior resource companies now trading at a discount to cash backing."

Funny market cap under 7 million currently.