RE:August News Flow - Close to New Found GoldSPMT will be designating funds to management salaries and promotions and just enough to exploration to keep the securities commission from investigating. This stock is on the way down and there will not be any substantial NRs to bring it back up. The company that said it would be very busy with several work programs has done almost nothing. NRs will consist of more land acquisitions and little more. They may get those results back from the lab but they will decide when and if to inform stockholders of the results. It's on the way back down to one cent and if I was holding I'd unload or you will be a bag holder for a long time. I won't say I told you so yet, I'll wait until it's at three cents.