Vote of Confidence, page-4

Hmmm - shares diluted or the share holding further tightened? Sure feels good to have Alkane holding approximately 15% given the $$ they have. At the end of the day Calidus now have enough funding to realise short to medium term goals (mostly further drilling) without having to go cap in hand to a broker for a capital raise - which obviously would have been done at a discount. So I'm really not sure how relevant your reflection is under the circumstances??? I suspect we're going to see further resource upgrades too. Come back to me in a couple of months...