Fundamentally, this company is on shaky ground. The Managing Director was sacked from his last job. At the 31 Dec 06 the company had just over $500,000 in the bank and had expended $900,000 in the 6 months prior. No 3 rd Quarter cash flow report was submitted, so one would assume that they are almost out of cash (all those airfares and 5 star hotels aren’t free) or have a line of credit with the bank. Given the speculative nature of what they are doing, the latter seems highly unlikely. They are years away from building a power plant (if at all). A capital raising leading to more dilution is highly likely and yet the sp rises. You guys have done well, but be careful this may be just a flash in the pan.
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