chart chat, page-12

Very fair comments Rameez. I agree (particually in the current climate anything could happen in the next 4 or 5 months), in regards to the whole game not just the jorc.

I reckon a T/O attempt is highly likely after the jorc, if it is accepted or not largely depends on us. And how generous it is!

As little market value is ascribed to date to our gold assets it may be prudent if the company to peel off the gold holdings into a new seperate company before the jorc, and make us pro rata holders.

In this way we could have our cake and eat it too. Though Ngualla would then become more of a tasty scone for us, how much cream it had would depend on any T/O price we accepted.

Now none of us are going to kick on forever and I am always very respectful of my elders( who may be ok with a T/O at the right price and not everyone is interested what Ngualla may be worth in ten years time(although developed its obviously multiples of todays price).

So is this a realistic scenario?

We float another company to spin off the gold. Not as hard as it sounds, we have a few legal brains in the company and soon to have a new CEO. The board could virtually shift from one company to the other.

Lets call it "Jungle Gold", bit younger and hipper that "Victorias Pride", "Golden Falls" and "Golden Shower" may just attract the wrong crowd...

Ahhem, so this thing (Jungle Gold) has great assets as we know, we are given most of the stock(pro rata as PEK holders) and fifty or sixty million shares floated at 30c.These are floated to give us 20 mil or so to kick start the company(our winnings from PEK are greedily being spent on boats, mistresses and retirements)!. Lol!

Ofcoarce PEKs SP at this time is heading much higher as we approach the jorc and we have seeded the market with some nice premilinary exploration gold results.

Peks jorc comes out. Its spectacular. We getting a couple of interested parties with T/O offers, we turn down a dollar and settle on a dollar forty. Or a dollar twenty with 5 percent of Ngualla profits.

Think I would go for that, though Im relativly young, money when your young is good, its good at any time.

A couple of things would have to happen for this to turn out.

* We would have to spin off the gold in the next few months. Not impossible.

*The jorc will have to be outstanding. Highly likely IMO.

* Our SP should have risen and be rising pre jorc. Highly likely IMO.

* Predators will have to want us post jorc, also very likely IMO.

* REE prices should be rising and have risen for this scenario to be a chance, also likely by March/April next year. Also likely.

* The majority of us would have to vote for it...?

Food for thought.... all speculation but if we are going to be taken over I want a good price and Id like to keep the gold if we are not going to get much extra for it.

Tretch