Ann: Quarterly Activities Report , page-10

I talked to a director of another small cap similar in nature to LRL...ie lots of cash and quality assets trading below cash backing

I asked him why they do not do a buyback and he said last year when they made offers for assets they got knocked back. Now he gets some many mining specs begging for investment its like a little boy in a candy store

He is overseas now looking at potential aquisitions

These are great times when you have lots of cash like LRL

When the market comes back we shareholders will be looking pretty