Ann: $1.5M placement completed to advance Charley Creek project, page-41

Yes it is ugly no doubt about it and nobody wants to ride a wave 2 down to these depths..but I`ve come to the conclusion (this year) that in order to ride a larger trend..sometimes its just not worth trying to outsmart the market in the early stages of it..just take the lumps in your stride..if we want the big waves out the back, we need to get through the breakwater first..its a tough game anytime and particularly tough at the moment...I don't think were dead here yet..but if it becomes irretrievable then so be it,,on to the next one.