Ann: Drilling Update - Warmblood Prospect , page-44

trying to pick some more cheapies up myself kingswood.
grabbed some at 2c and just hoping some cave in and sell down once more .wishful thinking I suspect.
the current market cap of under $5mill in no way reflects a fair value of the comapny in my opinion. a large prospective area showing early positive signs and grades with a already indicated 100k ounces.
md and ex md's buying strongly and large recently and current md now exercising some performance rights all send positive signals that they also believe .
baised on the current reserves alone and the early previous assays and grades from warmblood and the other areas showing some encouragaemnt from earlier drilling campaigns I have always wondered why the share price is not and has not been for a long while considerably higher. How it fell so low in the first place frustrated and astounded me. It is still a long way below where it was 12 months ago before the recent encouraging comments.
I thought we should have been blasting off a valuation base of around 5c not 1c but thats only my very un professional opinion which unfortuately has always been wrong.
the old yarn of the stockmarket being a place where the patient make money of the impatient will hopefully be proved correct in this case with time of course.