Ann: Renard Project Update, page-82

All good. You'd be pretty oblivious to see the sector has had it. This doesn't change the value Winsome has in their deposit, financial position, infrastructure acquisition opportunity in Renard, and as much as you hate it, management has been excellent to date. You mustn't have invested in a lot of companies to experience what terrible management actually looks like. You're in for a rude awakening if you decide to diversify into other speccies.

You'll note while lots of companies are going into C&M in this downturn, as well as many lay offs, where Winsome are continuing exploration, drilling, project development, studies, as well as on-going DD in the Renard acquisition. Night and day difference between a company who strategically raises funds to continue project works during a downturn in the commodity cycle, while others cannot afford to do so and must now do constant raises just to keep the lights on.