CHACO RESOURCES (new name for GMN)

I'm back from hols Victor!

Yes, you are right its dilution. I'm up some 217% on Chaco this year Victor. Perhpas dilution is not such a bad thing after all! You need to differentiate between new shares being issued for productive purposes and shares being issued to bolster up the finaces of a company. They are not the same thing.

I sincerely hope we get some more dilution as soon as possible.

The prospects for the third application look OK. If it comes through I expect it to be some 20 times the scale of Puerto Lopez prospect. The effect on the share price? If Puerto Lopez is anything to go by the effect might be zero. On the other hand it might be substantial. If so, I expect more DILUTION. Please, please let us have more dilution Chaco.