Ann: Update on sale of Robe Mesa Iron Ore Project, page-7

Going to try to hold a neutral view here. The market clearly didn't like the news this morning, with many people getting out on the delay. I think in the short term we may see some difficulty in price action as those looking to move into other stocks continue to sell. The cost of holding may move some on, with the lack of news unlikely to provide upward momentum over the next few weeks. As we get towards the new deadline we may see capital return. While we don't know what information had been requested, I am still anticipating a positive outcome. It will be a difficult wait but hopefully shareholders will be rewarded. GLTAH