Ann: Update on KALiNA Energy Centre Saddle Hills, page-32

I understand it can be frustrating when it takes so long and punters want to blame someone when the share price does not soar as they expect.
But building a company is not easy and less than 5 per cent of junior resource companies ever make it.
Share price performance is a measure of a share traders success.
Profits and profit growth is more meaningful for the long term investor.
Look at the KPO board and advisers. It consists of people who understand the power industry and the financing of it.
They are not share traders!
They are company builders and as such likely to fall into the magical 5 per cent that make it.
Try reading today's announcement:
" After a thorough analysis each of the agents believe the project is financeable in the context of current market conditions.Thus far, SEVERAL PARTIES have indicated interest ,signed Non -disclosure Agreement and are actively engaged in the process"
The directors of KPO have put their heads on the block with this statement.
We are entitled to believe that, given the experience of the board and their advisers, the parties they refer to are very large and experienced in this space.
They have now circulated the investment proposition.Do you think for one moment that Myers (senior operating partner of a $23 Billion infrastructure fund) and White (the former CEO of Veresen,a power group sold for $9.7 billion) would be involved if this was not going to happen?
You can't go to potential partners without a financial package and that has just been finished.
Grow up or sell out.
This is a serious enterprise and a month here or there is nothing in the scheme of things!