Ann: Notice of Expiry to Option Holders, page-4

Hi @spid81.

If what you are saying has any credence, then perhaps Grigor, Bell and anyone else in the company spruiking the options should've kept their collective mouths shut. I don't know about anyone else but I for one didn't get the impression, when Bell referred to the options, that he wasn't looking forward to getting them exercised. Quite the contrary to be frank. Why else would you refer to them? More importantly, how many shareholders bought heads or options based upon the comments of management/directors relating to probable commercial sales and the 'alleged' Gerdau JV? If you can't rely on those within the company to provide ACCURATE information to shareholders, then who can you rely on?

As I have said many times before, man this is a frustrating stock to hold.

All in my humble opinion.