timing for new project

There is no doubt that Middlemas did wonders for XEN/CPL. One does need to consider though the length of time it took to find the coal project that they did. Going back through the reports I note that Middlemas was made a director in March 2007; and of course there were speeding tickets from asx due to the spike at the time. XEN announced the acquisition of coal leases in Canada in December 2008, which to my reckoning is about 18 months later. That was an excruciatingly long wait at the time and from memory the shares became as cheap as chips prior to the ann. Not that I complained; much of my holding was at 6 cents and they are now over 70. M does seem to have a midas touch but worth noting I think, that really good projects are not readily available. Why would they be? Patience may be a good thing here methinks. Good luck to holders and my thanks to Nickthom for the heads up. jwt