Hi 3500 totally agree with SOME of your points raised, ambition they do not lack, they have it in spades, future of Graphite enormous, moving quickly to obtain graphite agreed, Market forces in our favour disagree i dont think they have a hope of raising an ipo in todays economic climate, they don,t have the money and they can,t get it or they would have honoured the original deal. My view is Uley had many interested partys it deserves one that can deliver. GLTA
Ann: SER November 2011 Munich Presentation , page-5
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