I get the feeling that the team at EHR have bitten off more than...

I get the feeling that the team at EHR have bitten off more than they can chew right now. Timelines are not being met and the market is not updated (i.e., the TSX listing -I think this is off the cards-, the "value accretive director" -overdue-, Fiale resource review -way overdue-, CIFI $30m raising -dragging on longer than expected- etc..). All the timelines on the Copahue project have pointed to first power in 2013 which is now looking quite ridiculous, particularly as we haven't got a PPA.

At this rate, PAX will beat us to the punch with their Indonesian projects.

As for the boutique corporate finance group, I won't be holding my breath as this one doesn't even come with a timeline.

As I have now run out of spare cash to buy more shares, my sentiment is now changed to Hold. A PPA is now on the critical path for the Copahue project. Everything else is window dressing.