GLOBAL MINERALS LTD NEW GMFLF

RE: down 25%

[Packice]

Main reason most probably that Brent Cook informed in his newsletter that they got out and took their losses. Reason being that they don´t believe in any medium term improvment in market sentiment, silver prices rangebound for another 12-18 m and dilutive financing coming at the end of this year.

Well I stayed on as I believe that the 7mill in cash will take them trough the year and that the silverprice will be substancially higher in Q4.

And that the really good projects will get decent financing!