the price waterhouse review

For a bit of fun I read through it briefly and the valuation is absolutely littered with "mays", "expected to's", "ifs", "estimates", "non JORC Compliant's", "we have assumed", "potentials"...then the inevitable and very lengthy comparison to its peers...then a chapter on copper, gold and its history (?)

This is why this report and valuation was a waste of time and why the local market believes the report was a ramp job.

Far too many assumptions to come out with those figures and who is kidding who regarding further dilution.

For me, like many, she is a share price, rather than anything more. I guess the question to be put is how much did this report cost the shareholders and very soon afterwards why did you have a sig change in sub holding, then you couple this with Angola?

She is going to London to meet the queen IMO.

Many, including me will trade her, but the long termers have been screwed atm and I have genuine sympathy for you....was a great ride up in May, but look at the gigantic footprints of the insiders on the charts before she hit 26.5 on the 20/05. She is currently back to where she was in September in 2007 - many must be sitting on enormous losses due to the evident averaging up of so many on HC.

The enormous volatility is of note hence the immense attraction of momentum traders but any micro who constantly ramp on BRRs all investors must be wary of.

Hope she comes good for everyone.