profit taking, page-16

nobody would be surprised in the slightest if there isn't a bit of profit taking tomorrow - i am sure this is a fact that the serious insto buyers are all to aware of - anyone selling out on 1st July runs the real risk of filling up an insto order. the facts are comdek have a 70% share of a 435mT Jorc compliant resource in South Africa - with approvals to be a preferred supplier to Escom. There is an existing coal powered power station 20km from their deposit with a new dry cooled power station (the worlds largest once complete)under construction as we speak, within a stones throw. Going at a more than reasonable rate of value of $1 per tonne in the ground - divided by the number of shares and options - this alone would have to put them at around 60c per share. The tassie assets look to be more than reasonable also, adding further value. The calibre of the recently appointed management too is a major plus. I really can't see much downside from $1 - so if you want to profit take and hope to spin the stock for a couple of cents tomorrow - May the force be with you -

I am long up to my ass, and have no intention of selling any at these levels. Talk of resource upgrades, possible future takeovers makes this look like it could be the stock of the year (and possibly next year as well).