Ann: Quarterly Activities Report, page-12

I was also surprised that we didn't see a transfer to another strategic, and have since had it confirmed that the line was broken up with a number of insto's- some currently on the register (adding) and some new. No doubt this line was churned again to some degree above 2.00 as profits were booked and VWAP's averaged lower. This is typical insto behavior and I think has largely washed through. What I think we are still to see the outcome of is the potential project equity sell down that Bill has only recently mentioned. It makes more sense for an industry player to own a chunk of the project as opposed to a chunk of DVP. If something strategic eventually materalises it is probably more bullish than just picking up a line of stock.