Ann: Trading Halt, page-9

I think management got the timing wrong on this one! We were going to open 15c plus and would have hit all time highs today Imo. On the back of Fridays 6% copper surge in overseas markets and Cu and gold both at all time highs. Not the time to raise IMO. The institutional pressure must have been too high for management to say no to. It will probably be a decent raise 5-10mil imo. Perhaps even at a premium with the interest of late. It will fully fund our next drilling program and especially help drill out the Avalon target methodically. At least it takes the capital raise blanket and uncertainty off the table but imo I think it should have waited another week with this current bull market playing out!