big buyers at open, page-15

with a mining licence granted

years of assays results

and now impressive gold finds on top of its already more than impressive copper finds.....

owns its own drill rigs and mining fleet

owns its own plant (being refurbished)
plant and infrastructure valed at $200million approx

locked up rail and port facilities plus more (see report nov 23/2011)
(which BHP would love to have)

DEBT fREE

CASH in the bank 23/nov 2011 $81 million
shares on issue approx 160 million approx

EXTRA CASH to come
placement cash of $86 million to be finalised by dec16 2011
after placement shares on issue TOTAL approx 184 million

considering secondary listing on Hong kong stock exchange
(giving it access to possibly multiple increases in share value...)as stated in nov 23 report

low issue stock.....high potential.....

what tips the scales for it now is the approval of a Mining Licence......

in a laclustre market it looks a safe place to be with potenntial for gains.....way off its previous highs...

shorters have had a field day on low volumes and low market sentiment...plus so many traders are cash strapped or locked into stocks they bought higher and can see no way out ...but to wait it out.....

the granting of a mining licence should signal to the most pessimistic broker....this is one to watch close and forget the animosity they have had for the company and its board.......
frankly if the big offshore cash is interested...why shouldn,t the local brokers sit up and have another look at it.....fools not to.....

today was an interesting day to watch the trading activity ....the close seemed to sum it up....