i spoke to frank today, page-5

Here's what I think

Copper Flats - if no JV or buyer then it will be released - can't afford to keep it

The Caledon option - probably not in the money at present so has no upside or value - no downside either - no need to convert it yet - but as it is effectively with the Chinese Government they could pull the rug from under it at any time and Frank and ORD would be powerless to do anything about it

CR still seems a possibility to me as I just don't see how they will have enough cash - but good results at SJ could give us a healthy spike in the share price which could make a CR worthwhile

Agree they have to bring some more expertise onto the Board

Frank has a big job ahead of him - so let’s give him the chance to show us what he is capable of

The likes of Kori have shown tremendous faith in the previous and now current management structures and one would assume they are closer to the action on a daily basis than us

By the way I miss Kori

Clyde

Only my take on this and not advice