Pangolin Diamonds Corp V.PAN.H

RE: Interim Financial's Out...PAN Gonna be busy..

[littlejoept]

I went to agm, the meeting was short and sweet. Fred did a concise and informative powerpoint presentation afterward. I met several of the people and visited with Fred and Herve afterwards. They have heard from several impatient shareholders about testing the two cased wells. We talked about service availability and sky hi costs. They will not pay the hi mob, de-mob, mileage costs to just test these two wells. They will test them when they can do several. They have made arrangements with a local farmer to warehouse pipe, mud, etc and have him deliver them as needed. They are using a common sense, thrifty approach to their drill program. They are interacting with the locals, using some local talent and putting a little cash into the local pockets. I am in business myself. I have to travel for some of my projects. I don't make any money moving iron up and down the road, so try to get as much done in as few trips as possible. I used to work the oil patch. We always tried to use local talent--for starters, it's usually quite good, the rural work ethic is great, the people are able to think for themselves, it saves you some money and puts some dollars in the area you're impacting. Generally, you make some new friends. I like to be able to go back to any place I've ever worked and often you already got a leg up on the competition--they know and trust you. I look at this as a spec play--either it's gonna work or it ain't. I believe these guys have the drive, capability and knowledge to give it a good shot, and I like their approach. I bought more wednesday, figure it's good for a double on spec once the drilling program is well underway, but will probably stay for the duration.