Ann: InterMet Investment Restructure , page-6

You don't need to pay for directors to make a decision as simple as walking away. You have to ask Why did it take so long, and what value did they extract by doing so. The answer to the latter is zero as for some unknown reason they were forced to sell most of their shares into a heavily oversubscribed but deeply discounted placement (heavily oversubscribed and deeply discounted rarely go together) while at the same time they wrote off the2.4m loan. If i was in charge i would have asked for a 1% royalty on those newly acquiredtenements or something similar to extract that loan back in the future.

And yes, as per my previous post i am a recent shareholder. As long as the company keeps on trending down cash costs at kalamatoo and not make other wealth destroying decisions (which unfortunately isn't guaranteed with this mob) then there should be a easy 50% upside in thisstock.