a problem stock, page-22

Flipper 15

I think you have got it right for only some of the RBM story. To give you some idea I held JML and QSC for months before they did anything. In the case of JML I all but lost hope anything would ever happen but I held on.

Let me turn to RBM. This stock is even better than the 2 I id above. Read up on a Canadian stock call Bell Resources. ON the known deposits the stock is a steal.

I bought my RBM on the basis of the GOLD result in FIJI. I have been a shareholder for a long time. I would not sell at $1 per share.

It is not often that you can buy a share and have the benefit of past drill holes which keep being confirmed and a market price of 13-15 cents. I would hold the shares for a dividned at this rate and know that I would be getting at least 50% over the next 5 years. Let me know of a bank that will give you anything like what I have said. I will help those of you who cannot do the maths. 50% on say 16 cents is 8 cents the companty has 116 million shares on issue at present. The JORC code allows for resoures to be calculated on drill results. There is no other means available. The known resource is worth 640 million on the info I read.

Assume cost at 50% then that is 320 million tax at 30% say 200 Million. My 50% return is looking OK!

Any one who reads my view should look back through JML for the past 2 years and look the share price. If you want my share scrpts I will give them to you. Please send me your email address on this site and I will send you a response. I may not get you for a couple days due to some other business matters.

I don't know the past of Gino but I think that he has this one right. Give a bloke a go! On the info to date he has it right.

kevin