who would have thought?, page-2

TheAnalyser,

DW and Co have now reached their 15c exercise price for their 2008 options so this is a milestone for them. I think DW will do everything he can to make sure that the SP does not retreat back to 13c ever again. Can you imagine if they all exercised now!!

In May, when the Shareholders voted in favour of the resolutions to grant the options, I honestly thought that 15c was achievable but not for another 12 months. Now 4 months later and 15c appears to be a technical support level.

This is a remarkable achievement. I recall in mid June the SP was 5.3c and looked like dropping back to 3c.

I believe by next Xmas it could reach 30c.

DW has made it clear that he will continue pursuing more acreages.

I think his credebility is at an all time high and he is taking advantage of it. Why else is he continuing to do roadshows.

It will be interesting to see the % of foreign ownership of shares when the next report comes out.

I also think that the current major holders will be taken over by very large Insto's in the next 2 years especially if NDO is included in the ASX300.

As the SP enters into uncharted territory it will be an interesting week ahead for traders who would have picked it up on their radar as buy signal. However, this should not be an issue for investors who have targets alot higher than the current price.