an underwater mak part 1, page-15

Seals, thanks for all your research on the Phosphates project. Still continuing to hold (1120k).

Galvanise, yes I was totally wrong about UCL not flying on the news of the Phosphates project. But I think the shares seem fair value now at 1.8 cents (until we get the Jorc resource figure or until we news about Mehdiabad).

All, some background info here. First: Ahmandinejad seems to be talking some sense now on economic matters: viz he wants more foreign investment and he wants to reduce the dependency of the economy on oil. Bodes well for a settlement if there is no regime change?

http://www.iran-daily.com/1387/3157/html/

Second: here is an interview with John Teeling, the CEO?, of Persian Gold, a minute Aim listed company with nothing else but very early stage small scale mining exploration projects in Iran. I understand he has a reputation for never underselling his companies (caveat emptor?) (he has 6 or 7 Aim listed exploration companies in all dodgy parts of the world) and he perhaps is famous for the extraordinary row he had with one of his fellow directors in full view of the press and shareholders at an AGM once (African Diamonds). However, what he says in this interview about Iran may be of interest. He probably pays to get on this programme, and since the interviewer probably owns part of the Boardtalk business I don't think the questions on Iranian Mining licence risk were as probing as they ought to have been. Could have done a better job myself interviewing the man on that aspect. Enjoy. Regards.

http://sharecrazy.com/beta/board_talk/159/board-talk-23-june-2008