Ann: Quarterly Activities Report, page-132

wow, does the graph shows that FEX is performing worst then EQX (Equatorial resources)... lol .... !

Hedge was simply a matter of luck, not about smart move by anyone... in my opinion.... !

30,000,000 shares were issued before quarterly which is about 6%+ company ownership and then we got quarterly ... If Fex has stopped shipping more then hedged amount then certainly they would not have diluted us by 30,000,000 shares is that true? ....may be we would have excess ore on ground but then again we had cash so we would always sold those excess in December / January at higher price then selling at low price and high shipping rates .... IMO.... but I guess it is business some people prefer to run on loss while other minimise by even closing mine (MGX and many others).... think which one is smart one?

Those before quarterly made many prediction about how excited they are about quarterly, now they are excited about next quarterly... shareholders will come and go but the one and only who stays immortal are the smart holders who exit at right time ... I Guess (I am not one of them)... !