sell off, page-3

I must say GUJ is holding up pretty well and has over the last couple weeks shown that not many out there want to sell this stock because of it's fundamentals. I think everyone is waiting for the aquisition of Elouera to be completed as stated in the Quarterly report.

• GNRL is acquiring Elouera Coking coal mine from BHP Billiton.
• The purchase price being $49 Million plus GST and taxes with the parent
company Gujarat NRE Coke Limited providing guarantor for the deal.
• Elouera is continuing at minimum level of operation and will progress to full
production when the acquisition has been completed (expected September 2007)
• Elouera has mining equipment, private railway line to Port Kembla - an
enormous saving of time & money by avoiding the need to sink a new shaft,
storage facility & rail loop at the NRE Avondale Mine.

It wouldn't surprise me at all if this stock closes at .375 today

Cheers