re: Ann: Further Delays to Financing Las Lagu... Admittedly we...

re: Ann: Further Delays to Financing Las Lagu... Admittedly we are only talking 4 cents here, but the buy/sell and market depth is looking better than it has for awhile.

Maybe a lot of the selling was tax loss selling which carried over a little after June 30 as the market got a little spooked.

While not being pushed up by an avalanche of buyers, their certainly seems to be a shortage of sellers at the moment. That can change quickly I know.

Grimston arbitration July 19 to 23 ---- be good to resolve this.

Still have a bid in @ 3.9 but not overly concerned if the price goes onward and upward before that bid gets hit.

The coming events to change EVG will be something like this:

1. Resolution of Grimston issues (July 2010?)
2. Final approval of Project Finance(August 2010?)
3.Forward Sales (unfortunate as that may be) (August 2010)
4.Successful completion and ramp up of production (Mid 2011)


So we still have significant hurdles in place, but at least the project is still progressing, which is more than can be said for some.

Regards to all ---- cy7