Ann: Quarterly Activities Report , page-21

as the report says they, due to the water rights etc etc didn,t want to split up the sale but looks like one land owner has gone alone and entered the option to purchase with RHM....BV .....can't see a cap raise not happening in the future if they want to get to production and by the time all permits are in place all up 18-24 months away before production.... as it stands now i don,t think the dec 2010 options @ .20c exercise will get over the line... even with conversion fees and say you paid .02c on average a share upon conversion would owe you a bit over .22c(depends if you convert a big holding costs to convert will be absorbed).... looks like Narra on backburner for a while and Loogana will just bob along ....plenty going on in the market at the min so for now money else where....

p.s. if you google you will find loads of info on BV so DYOR but for me to much still up in the air and others have mentioned that others have bought to keep the share at .18c on ave post Qrtly so to those that have accum. or are on board for the fist time good luck . :)