something brewing??, page-9

good luck fakeshark - did your research tell you that UCL tried to claim insurance on the Iranian project? They don't have anything in Iran other than a dispute which is really a one-way dispute as the Iranians told them to go away in December 2006 and nothing has changed.

Yes it's difficult to do a capital raising at a discount when the SP is around 1c. That's not the real issue though - ask yourself how they can raise capital without destroying your current SP through dilution? How many billions of shares can this company issue?

You might also want to check out the rate at which they burn capital - it's all in the quarterlies. They've slowed down recently - not least of all because they've reduced the payments to directors, the levels of which even their strongest supporters had been critical of.

Given their history over many years (even though the players have changed) - when the Namibian deal doesn't get up they'll find another yu-beaut project in some obscure place.