chart, page-4

AVB is a little different. MW is the Chairman and TP is the MD. TP is also chairman of Avenue resources and there seems to be some movement over there. If we can loose MW things will be better. We also have Xstrata (Glencore) as a cornerstone investor and could replace him on the board. It will be interesting to see how many vote against the Re-election of MW this year. We also have an operations director and a law guru with knowledge of the resource sector in Brazil. The placement of Luis seems to coincide with problems at TN and I believe we may not have any issues in the future especially with our relationship with local government. I think its looking rosy but do get upset and take my glasses off.