mining news article, page-10

Scarva,

do you want to me to say a bit more? My preference is to say the next Caffreys is on you, but:-

1.Harip, do I have evidence that CSO1 is a substantial shareholder, of course not. Put the hard word on him/her after one posting last year when one of the substantial shareholders was selling and received stony silence. Could have as easily told me to f... off as it is only a chat site! (I come from the school of probing for a response if you had not noticed)

2. Domum is a true gentleman/woman-always gives support to the prevailing speaker (ie MD of GIP). Has a bit to learn about the time value of money in a volatile commodities market. GIP is NOT high grade. Compare its grades to the SGW assets, or former assets! Compare their grades to alternate projects. Compare their grades to alternate commodity substitution (niobium-it has a crud shelf life, as everything else these days ,but it works!).

Then look down the valley-how long before real demand in years, and their existing supply agreements makes even Twiggy look kosher! No-one sits on the hook for a take or pay contract when you BFS is 18 months stale/not "b'ed.

3. Run all the conjecture you want on SGW Cabots contracts/Stark contracts. Keep up the 'guessing game'-you guys have done it for nearly 2 years, and 'guess' what-you have been wrong.

Wodgina/other global production/global stockpiles could satisfy the world for 5 years plus. You guys don't know. It is not a transparent market, the MD has no mining expertise, has never met a self imposed deadline, has never been involved with plant construction, may have never been involved in contract implementation under a take or pay contract, he sucks.

If you want an exercise in investing discipline go to the company website. Look at the Annual Reports back to 2001 . The only consistent item throughout is is piddling capital raisings as an annual event, 'promising' comments on getting the tantalum going, and the legal matters arising from the dot.com boom.(Which are scheduled for hearing in the Supreme Court shortly.)

4. Read the Annual Reports before you consider investing in this stock. They really are damming.(Particularly as the company will need to raise money in the next few weeks!)

Thats enough for now scarva?LOL

Cheers,TAS