Hi Eagles,Agree with your thoughts.LKO offers a crack at Moreys...

Hi Eagles,

Agree with your thoughts.

LKO offers a crack at Moreys and Holdgate, now with a reputable company like Armour at the helm.

Then we have Wombat to be re-tested by BPT some time soon. To fulfil their $50m commitment, one would think that BPT will have to act in the next 6 months.

Added to this the following:

* Three projects all coming up over the next few months. Action aplenty!
* All funded for drill with reputable companies in control
* Any success (ie. Womabt) can be quickly commercialised. Importantly, a Melbourne market is just down the road!
* The SP is historically low for such an upcoming campaign. Wombat alone managed to get to .016c last time. At prices now between .006 and .007c, the leverege is obvious as a BESBS play.
* For medium or longer term holders, consider the following:

- SP leverege if Holdgate strikes oil???
- SP leverege if Wombat flows at commercial levels?

Not surprisingly over the last 2 days, I've now topped up my .004c stock with some .006c and a few .007c. With an average entry of .0048, this is a 'no-brain' winner.

DYOR...