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Uygar you are correct, one has to have hope. My hope is that even though it looks like management have been raking in a six-figure salary over the last six months whilst producing nothing at all of a tangible nature that actually they have been:

1) lining up the deal of the century on Mt Bevan;

2) sending the phase 3 results back to SRK for checking because they simply cannot believe that there could be that many zeros on the end of the final valuation;

3) finalising the purchase of a South African producing coal asset from Continental;

4) setting up the infrastructure and timelines for the spin-off;

5) assessing Azure's report on how to mount a successful takeover of BHP Billiton; and

6) finalising the design of the new stationery.

If one of these is not quickly completed you would have to wonder what Sharon, Ben and friends actually do with their time on a day to day basis. Seriously, how do you fill that much time in for so little output?

That aside, your optimism on the shareprice is laudable although I can't share it. I don't claim to be any kind of expert but simply on the basis of buy-in price and performance of management to date I would think there will be a massive roadblock to overcome in the 11c-15c band as long term holders try and pile out at cost and get some other suckers to hold the bag for a while.

Why am I still here? Simple really. We have the phase 3 results, we know they are good and they HAVE to be released at some stage in the next decade you would have thought. So why would you sell out when you know there is positive news likely to come?

As it is I significantly increased my holding last week. Some posters on here seem to believe that if you hold shares in a company then you should not be allowed to question or critique management and should sell out and move on. Personally I find that absolutely ridiculous but of course it's each to their own and that is what a forum is all about - different views. I don't believe in management but I believe in the product (ie the quality of the asset) and that is enough for me at this point in time.

Best of luck with your holding Uygur, here's hoping for positive news soon.