15 cent resistance, page-16

What I find bizarre about this company is how the sp. has dropped away. It should be rising as investors come on board because

1/. the company is under valued on its present assets, thereby confirming lim ited downside on the sp.

2/. they are about to announce an increase in the size of the asset.

3/. they are in the midst of a drilling campaign in highly prospective areas. initial readings are v.hopeful

4/. we are just down the road from extract and everyone knows their sp./asset growth story this past year.

i fully expected to have to buy into this company at around the 40c mark whilst i waited for funds to become available. pleased to be in around 17c.

the ii seller is a little disturbing but i feel pretty sure it will turn out to be polo, raising money for its extract commitments. the director selling and buying the same volume for a few thousand bucks is strange but perhaps it suits his tax arrangements? or what...i don't know.

As we have seen over the past year ii forced sell offs provide great opportunities for everyone else to buy in. back in the UK investors have made great profits on yell, uniq and afren because of distressed ii sellers