Ann: Shareholder Update, page-183

I’m thinking it’s a catch 22.

Can’t proceed with Sweden because the perception might be that our focus isn’t on investing in and jobs in Portugal, which would hurt our PR offensive.

Can’t commit to another drilling campaign on our other tenements in Portugal because it says Sepeda isn’t our main game. Particularly now that L have access to the site, and can, the way I read into it, drill, write scoping studies, mining plans etc to add to the mining license application they’ve already submitted. Fark me, what a worry.

Damned if we do, damned if we don’t. Just my thoughts.