buying, page-3

There appears some support around the $0.25 mark. It is hard to know what is going to happen short term. Clearly, one school of thought sees trouble with California for the main part, and the another school doesn't.

Some have expressed an intention to buy on the lack of success in California, should it transpire, believing long term that Asia will pan out positively. Drilling news from Vietnam seems to be at least a 6 months away.

Ordinarily, the delay at Poloma would be the ruin of other companies. That is, delay would be considered a sure fire sign of failure. With the Christmas and New Year's holidays and the knowledge of the physical environment at Poloma and the nature of the exploration, there appears to be some forgiveness of the company for the delay by the market.

I don't know how long the forgiving attitude will hold. For mine, if there is no news by 16 Jan. I think only a miracle could save the share price. Management has some credits but as time passes they are used up perhaps at a daily rate now.