Ann: Placement , Share Purchase Plan and Underwri, page-86

re: Ann: Placement , Share Purchase Plan and ... Hi (cabbott1)

I rang SDL about 1.30pm on Tuesday.I was told George Jones is overseas until 23 or 24th March.Don Lewis was out but would be back some time later that day and they would get him to call me.
I am still waiting.Left a message about 6pm Wednesday asking him to call me back.

A lot of the better iron ore companies are way off what they should be.

I have one who have 150 million tonnes DSO and looking at over 400 million tonnes at least with a lot more more drilling to be done,sitting at 18cents after being around $1.90.In the Pilbara with BHP rail 30 km away.With Money in the bank.With allocated space for ore stock pile and shipping rights at Port Headland.

Another with one of about 8 prospects all close to each other with BHP and RIO around them and rail lines to their door in the Pilbara about 120 million tonnes of Marra Mamba so far from one area,plus other areas of Marra Mamba -CID and Detrital ores. At 55cents down from around $2.90.With money in the bank.

The other one in the Pilbara with BHP rail running through the block and with a lot more drilling to do,with at this stage 960 million tonnes of DSO and easily beneficiated Detrital and Pisolite ores.At 92cents down from a high of $3.21.With 12 Japanese-Chinese and Koreans signing confidentiality agreements.With $102 million in the bank.
With the same rights at Port Headland as the first one.

All the better ones will be held back as much as possible no matter what they announce.

Like watching flowers being held back from opening prior to Mothers day.Have to look their best on the day to get the best prices and profit.

Regards
Westcott.