new director with experience in coal, page-8

Tss,

I say OLD before I say Smart..

but.. to clarify..

Smart money is the money that is in the know.
so with that in mind. They are holding a large parcel of shares in this company that has a world class management team at the helm.

Smart money is the money that is holding a stock before it gets ramped on HC.

Smart money also follows smart directors.
Old money also follows Smart directors.
thus Old Smart money makes nice new shiny money on their investments.

you did read the directors Bio?

I suggest you type in Nefco Nominees Pty Ltd into google and go and have a look at some of the companies that hold sizeable parcels of shares in.. to name a few..
MIS
ROY
EGL
DRA
KIK
WCP
ORP
NDO
WPG
PPD

And the list goes on..

So Tss, with the amount of money they have invested and the spread they have, wouldn't you think that they have an active research department that is weighting the Risk verses investment in small caps that have some chance of future earning power?

Extracted from ASIC's database at AEST 23:32:53 on 30/06/2008
Name NEFCO NOMINEES PTY LTD
ACN
008 687 401
ABN
87 008 687 401
Type Australian Proprietary Company, Limited By Shares
Registration Date 12/09/1962
Next Review Date 12/09/2008
Status Registered
Locality of Registered Office Perth WA 6000

so all in all. I would say that this is Smart money..

Thus I am quiet happy to tag along for the ride!!!!

Go the Queenslanders!! lol
(thought I'd get that in before the game)