dumping, page-3

I also bought more today on the belief that the sale details of Adelong must be any day now and that this may give it a lift back to the high 4's then the resource upgrade in late March would kick it along even further.

The afternoon selling was severe considering what is ahead in the next 6 weeks.

In some sort of order is:-

(1) Adelong sale details
(2) More drilling results from CH
(3) Resource upgrade incl all drilling since Aug '06
(4) Cargo, Broken Hill, Parkes etc drill results
(5) Early stages of drilling at new targets at Larras Lee, Little Copper Hill, Wattle Hill etc.

The reason I have mentioned Adelong a few times is that as the current market cap is ridiculously low at $22 mill less say $5 mill cash = $17 mill for CH & all other assets (don't forget Mount Boppy royalty of 50 ounces gold a month) that a sale value equivalent of say $3 - $5 mill should have a reasonable effect on the share price.

I am predicting the resource upgrade to be at least 170 Mt, but hopefully closer to 180. Anything above this I believe would be a big surprise to the market and this would send the share price up significantly.

In summary, the current share price drop is due to shear frustration by holders, but patience will be rewarded, a lot should happen in the next 6 weeks.

Flipper