more than frustrating

This stock is extremely frustrating.

1. The negotiations with Palmer for additional ore is about to enter its seventh month.Its hardly reinventing the wheel given the previous concluded transactions with CITIC. I can only conclude that pricing must be the major stumbling block.

2.The BFS is supposed to be completed and under final review. However now more diamond drilling is required, we dont know where the pellet plant is definitely going to be built, a final decision on the energy source has yet to be made etc.Hardly bankable at this stage.

3.The last resource upgrade was in August 2007.Primary drilling concluded in 2007 and yet we still dont have an upgrade despite them repeatedly stating that the upgrade will be announced shortly.

4. Looked at buying GBG several weeks back at around 68 to 70 cents.Instead i bought more of these.I see this morning they just hit $1.31.

5. The directors certainly dont seem to be buying stock.

They seem to be having great difficulty in concluding anything concrete.

The whole thing is becoming very frustrating.