re: going down to 40c Yep, still holding Pirra, only 17,500 ( fortunately bailed on 30,000 at 62 and 12,500 at 45 ). Ave price on remaining holding is 48c so only 10c off-side. Having said that compared to my holdings in ARUO ( 278,125 ) and CMR ( 45,000 ) my JRL's are just a sideshow. Still think I'll get an opportunity to bail out above 50c sometime in 2006