RE:*****??? VERSES RCG*****In my discussions with the company, my understanding is that the extension is related to the required additional time to complete the negotiations with the current short listed suitors and then complete the successful transaction itself. I have been told there are 4 suitors that have made the short list and remain active participants in the bidding process. I can add the following pieces of information: - George Young introduced a group who are part of the final 4. They are not a pre-existing public company, so unless they plan to take the company private (I believe they intend to remain public) they would not be purchasing the "assets" they would essentially be investing in the company and acquiring control of RCG. - there are apparently 2 of the suitors that are existing public companies and theoretically don't need the RCG listing; however, that does depend on where they are listed. I am told that none of St Barbara (or Atlantic), Carube, Anaconda or Bonterra (all speculated to potentially be involved) are actually involved. These would both theoretically be primarily a share based purchase. - so what we have is the group George arranged to have get involved (identity beyond the George connection unknown) + 2 as of yet completely unidentified public companies + 1 other unidentified private entity. I know this doesn't tell us a lot, but it gives some insight to the potential options for the next path for the company. Other than the above, I have only been told that the company is pleased with the bids received and that they are very pleased with having 4 participants still bidding, as well as the strength of the bidders. I have been told that the current level of bidding should make the shareholders happy - keep in mind that when we entered the NOI process a great many people expected bankruptcy, so relative to that anything that sets a new course for the company, with funding capabilities and more operational structure, should make existing shareholders happy. Do not expect a relative jump to 20 cents a share or something of that nature, at least not right away. There is recovery production that can be undertaken with the tailings and stopes and this could be looked at quite quickly after the company / project gets back to operating; I would also expect some level of drilling and geosciences to be undertaken as well and that recovery production could assist with funding that. I hope this is of some assistance. I have only been spending so much time involved with this, as there is very little point to spinning my wheels on it, as we can't do anything as a result of any of this information - we can't trade RCG, we can't trade any of the potential new players (not intentionally anyway), so I wait for the outcome. I have heard some rumblings that there is the potential for a shareholders lawsuit against the company; while there is no question that they management of the company and the project have been poorly handled, it is still a far cry from being illegal and poor decisions are not the same as illegal ones. While there may be a lawsuit that makes sense to be had, there are considerations to be made: - solid undeniable proof of illegal activity (ie intentional fraud) would be required, not just poor management. - at least one identifiable defendant with sufficient financial resources to make the case worthwhile pursuing would have to be identified and would have to be definitively liable based on the aforementioned proof of illegality. The probabilities of a viable and successful lawsuit appear to be minimal, at least based on what I know of the state of things. Salut, Leigh McBain