Balaton Power Inc BPWRF

"Extremely Positive"

[ganzer]

That was Ivan's message at the AGM as to the prospects of Continental forming a consortium in the near future. The Major has completed their DD to their satisfaction and that the Orissa Government is determined to do all it can to raise the living standards of the poorest State in India. There is non forested land close to the mine that makes it ideal to build an alumina refinery,.close to water lines, railroads and major highways. Major employment benefits to the locals. Non Disclosure agreements are in full force as to exisiting talks but here is my take. In the last Managment Discussion of March/05 talking about a JV with OMC. " The Company expects that a formal joint venture agreement will be reached with OMC during the third quarter of 2005." Now that is end of Sept/05. That's 60 days max to form the consortium.. Hey I'm feeling extremely positive myself..."Scuse me ..while I kiss the sky" PS Former management's options expiry date moved back to Dec 31/05