Excellent News (English), page-19

It's far from the Board's issue.

It's a fact of doing business in Spain, that it will take many more years than anticipated to receive required approvals from the required authorities. Note to self, don't invest in a pre-permitted project in Spain anytime in the near future.

If you have a general concern with the Board, where do you feel they have let you down as a shareholder? I genuinely feel that they are playing the cards they have been dealt and ensuring the process is seen through in a complete manner in an effort to avoid any future objections that may come back to effect the project.

Make no mistake, every shareholder shares your frustration with how long this process has taken. Iam encouraged by the fact there has been a decent level of accumulation occurring on market since November in the $0.60's with the buyer committed to building a position. It will be interesting to see how much more is left to accumulate and if they will go substantial.

I'd like to think that the tape is a representation of the DIA approval and how close the company is vs how old I will be when this finally comes through.