announcement out , page-12

Glazeb...I don't think your arithmetic is that sensible...when one considers that you have extrapolated all the exploration, development expenses etc in the last quarter, much of which probably would be capitalised against future earnings...and you have assumed the December revenues which the company has clearly stated are in ramp up and will then be PER MONTH, representing them as the only ongoing PER QUARTER revenues to arrive at your Operating Loss.

Realistically, the company is in a development stage and while this announcement may have disappointed in relation to the water influx at McCool (attempting to be addressed), the rest was unequivocally positive. This does not put a dampener on McCool development but does slow it down.

Given your posting history, about 4 posts in about as many years, one could be forgiven for questioning your motive for putting up misleading information. The market seemed to take a wait and see approach as most would have expected, rather than accepting your views.

regards
DF