volume increase, page-4

30 Jun 2008:
Purch: 450,102 shares @ 8.9 cents ($40,216.64) on and off market

09 July 2008:
Purch: 224,949 shares @ 9.6 cents ($21,564.78) on market

05 August 2008:
Purch: 148,285 shares @ 8.6 cents ($12,726.30) on market

01 October 2008:
Purch: 494,250 shares @ 5 cents ($24,821.24) on market
Sold: 500,000 options @ 1 cent ($5,000.00) off market

Holds: 11,429,287 shares & 26,500,000 options


Brian Johnson (Executive Chairman) Shareholdings and recent transaction above: no suggestion on my behalf as to what to do.

Brian said in the annual report: “He is reasonably confident the project finance will be approved by end of October”

Well we have been their before --- I think he is the only one left who has any confidence at all.

I tend to think they would have a snow balls chance in hell --- I don’t know who could get project finance in these times.

I am kind of stuck with them --- so not much point in complaining.

Another sad story to tell – maybe.

Still we have had a few good years.