No-one likes change, esp. the latest change in BoD was not something retail wished for. We must however live up to RN testimony, if we view the reaction by retail being highly retail-like, something tells me we're missing a few items here.

Interest Retail: see ROF develop and sell at highest possible price

Interest Hedge puppies: seel soon at profitable price given the averaging below 2.50 for Rosseau and others.

I strongly believe we have to carry this to the golden way somewhere in the middle. Majors tend still to be cashrich, so opportunity to sell at over C$8 still exists. Try to keep away from too much 'retail' thinking, we are in this and even if dilution is now the case, we should be well aware that a good ending is still highly probable, it is in the interest of all players, even the majors who will not be the ultimate owner at the ROF will not want to see another major run off for a low price as they will hurt themselves badly.

Drawing early and wrong conclusions at this stage may well turn out to be a bigger -personal- disaster than the dilution itself. It is only in the end of the story that we can tell if we are being rewarded the way we feel is credible, transparent and acceptable. Given the market circumstances we would be needing to look slightly above ATH (all-time high being at over CD$ 7 in our case), if not something stinks after rotten fish, now the ghost has left the bottle, be prepared for a final run up in matter of a few months.