Ann: Cokal Signs Agreement with Petrosea to Ramp-up Production, page-17

Some good questions there; I’m also looking forward to seeing if they are answered in some way.

The one I think won’t be addressed is regarding a takeover. IMO any takeover bid will fail unless the big holders want out. I’m not a big holder but I’m sitting here thinking why would I sell out cheap. Not desperate for the money and pretty sure in time this gig will take off. A merger or some sort may have more chance of success, but again the big holders would need to want to get on board.

At the moment, I suspect that the cheap shares are coming from small holders and once we see some consistent ramp up in sales, new investors will soak them up pretty quickly. If we recall this time 2years ago we were trading at 20c on the promise of coal. No reason to think this isn’t possible again within the next 4- 6 months if they can get regular production and sales