cant believe it has hardly any shares

truely amazing coming across a company that has hardly any shares. and an excellent shares price that when more funds required will have minimal impact.

27.5mm ord's (inc escrowed)

12.9mm oppies.

share price 49 cents (recent high 60 cents).

cash on hand $2.6mm

est cash outflows for next quarter $300k

so in effect perhaps no need for cap raising until 1st quarter 2008...

perhaps the next cap raising could only be approx 5~6mm shares say at 50 cents = $2.5mm ~$3mm. plus the on hand cash $2.3mm.

you'd have approx $5mm~$6mm

that would then be fully diluted approx 46mm shares..

boy is this company going to be tightly held.

the above is not the only good news...

lets not forget the most important thing, it's highly prized assets/projects. for further information on their fantastic assets/projects checkout it's latest quarterly..(especially pages 9,10 & 11).

can you just imagine the shareholder value in 12 months from now...

;))