The annual meeting date for all our companies has been set for 24 June 2008 in Gibraltar.

We are booking hotel rooms. Please let us know if you wish to attend and need hotel rooms. Given the boom in Gibraltar, hotel rooms are very expensive and very scarce.

For 1 May 2008 through 7 May 2008

Company
= Symbol = High === Low == Last = Change == Volume === Bid === Ask

Borealis Exploration Limited
. BOREF . $5,00 . $4.60 . $4.80 . - 0.20 . ..3,300 . $4.60 . $4.80

Chorus Motors plc
. CHOMF . did not trade . $5.50 . . .... . ......0 . $4.00 . $5.00

Cool Chips plc
. COLCF . did not trade . $0.60 . . .... . ......0 . $0.60 . $1.01

Power Chips plc
. PWCHF . $0.75 . $0.75 . $0.75 . . .... . ..1,400 . $0.70 . $3.00

Roche Bay plc
. RCHBF . did not trade .$10.00 . . .... . ......0 . $3.70 .$11.00

Advanced Explorations Inc. (Joint Venture with Roche Bay)
TSX:AXI .C$1.39 .C$1.25 .C$1.30 . + 0.04 ..257,546 .C$1.28 .C$1.30
FWB:AE6 .EU0.88 .EU0.79 .EU0.85 . + 0.03 ..230,851 .EU0.84 .EU0.86
Xtr:AE6 .EU0.84 .EU0.84 .EU0.84 . - 0.19 ....2,000

Please note our shares are always very thinly traded which leads to large price swings on low volume. We will buy any Borealis Exploration Limited shares at the current last sale price. E-mail exec@borealis.com if you are interested. This is a net transaction with no commissions.

There is some trading in Frankfurt AE6 and in Toronto on AXI.

Approximate value of the traded companies at last sale prices or bid whichever is higher on 7 May 2008:

US$147 million

The approximate value of all our companies, both public and private at last sale prices is approximately US$500 million.

Benjamin has restarted his blog covering the world wide mineral resources.

http://benjamincox.com/

As we stated several weeks ago, the Euro is finished. This is a great read on the subject.

http://blogs.telegraph.co.uk/business/ambrosevanspritchard/may2008/unworkableemu.htm

The etrog tree continues to bloom. We have 5 clusters blossoming at present. The Etrog count is still at 4.

Tonight is the 20th day of the Omer.

Good Shabbos

rtc
iwc

  

    

      
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The discussion of the Company’s business and operations in this report includes in several instances forward-looking statements, which are based upon management’s good faith assumptions relating to the financial, market, operating and other relevant environments that will exist and affect the Company’s business and operations in the future.  No assurance can be made that the assumptions upon which management based its forward-looking statements will prove to be correct, or that the Company’s business and operations will not be affected in any substantial manner by other factors not currently foreseeable by management or beyond the Company’s control.

All forward-looking statements involve risks and uncertainty, including those described in this report, and such statements shall be deemed in the future to be modified in their entirety by the Company’s public pronouncements, including those contained in all future reports and other documents filed by the Company with the relevant Securities Commissions.

Wheeltug and Chorus are Registered Trade Marks of Borealis Technical Limited