Ann: December 2010 Quarterly Activities Report , page-2

re: Ann: December 2010 Quarterly Activities R... Surprised at the absence of comments yet from some of the valued regulars.

My take - the company has a lot more going on than I gave it credit for.

I am starting to get a feeling that Wowo is being developed up to a level from which some other party (Sinom or their representative I guess) will step in and run the project. If this happens and we are left with say a 10 - 20% free carry on Wowo then the other projects will give the board something to carry on with.

In particular, they seem to be moving towards a copper play which is a positive.

If this Wowo scenario does occur, the free carry on that will undoubtedly be valued higher by the market than our current ownership of Wowo.

So all in all, I am happy for this little sleeper to take the next 6 months to get the Wowo ducks lined up - as long as it occurs in time for the oppies to be properly in the money.

Anyone got some other interpretations of the quarterly?