Ann: SOL: Sale of Round Oak Minerals to Aeris Resources, page-41

Yes a shame about the copper price, down 25% in the past few months. Not great timing for the transaction, if we had of waited or been more patient with seeing how the bear market played out, we may have been able to save a lot of cash in the deal! Plus doing it in the midst of the financial meltdowns and tax sell period was very poor by management.

However the asset base and fundamentals are now better than ever, that’s the reason why I’ve gone all in now and averaged down. I may have to wait a few months to see my holdings in profit but luckily I have the time. I just hope management learn from their timing and can work overtime now in getting production up and costs down. They owe it to all us holders who have been smashed in the past few months.