Ann: Trading Halt, page-85

Maybe a little bit of a surprise since we had started to assume that SDV would involve a JV partner. However, before that idea had started to sink in we had all hoped we could keep SDV to ourselves. I think the only reason we warmed to the idea of a JV was because we had seen how well AT was at negotiating and believed he would get us a good deal. So now it looks like we will at least get to pilot phase by ourselves. This will hopefully show the big boys that we have some balls and are not desperate for them to come in. Their may be still room for a JV but it will now be for a smaller percentage at a bigger price if we get the pilot up and running well.

I'm not sure that AT would show us share holders respect by talking to AC then screw us by not letting us in on the CRing. He seems smarter than that, but as someone else pointed out going straight to the funds could be quicker and simpler. There is probably room for both. I still think we will hold JB even if it is just in our back pocket. There are a few Resources over there and it is not the resources that is the problem it's funding the mine/processor. Anyway we knew something was happening shortly with SDV and now we know what and we will be producing much quicker than waiting for the cash to come in for Mt Cattlin. AT hasn't let us down yet so I for one am happy to trust him. Great to see things happening, as I said before, it's the quick and the dead. We need to produce brine before the really really big bully boys move in and change the landscape. This way we will be ahead of them no matter now much money they eventually throw around. By the time they fully commit we may be in a position to sell them the lot for silly money. This was only going to go down a couple of ways and this is as good as any. Fund the pilot and the ponds then pay the full mine from Mt Cattlin in a years time.