any clues, page-3

If the share price goes above $0.03 before June then my guess is those options will be exercised and that puts another $500k in the bank.

Exploration work has commenced in Malawi. There could be some interesting results between now and the end of June, particularly if the anomaly proves to be as exciting as has been suggested.

2nd highest anomaly in assessment program could reveal some pretty interesting results:

"The Machinga Property

The Machinga property covers some 378 sq km just north of the old capital city of Zomba in south central Malawi. The 'Interpretation of Airborne Geophysical Survey Results' carried out by Paterson, Grant and Watson for the United Nations Development Programme Report in Oct 1987, and refined bythem for RRR in late 2006, highlighted two areas for investigation for uranium exploration; the Chinduzi Radioiactive Zone, and the Machinga Radioactive Zone. Both of these target areas are covered by the Machinga Property and are marked in blue on the attached map.

The EPL encompasses a number of high priority targets for uranium exploration. Peak airborne radiometric anomalies are in the order of 10 to 12 times higher than background readings within these target zones.

The Malawi exploration programme is scheduled to commence in the first quarter of 2008. The intended programme is summarised in the Company's AGM presentation released to the ASX on 6th December, 2007.

The Company believes exposure to uranium-prospective countries of East Africa, within a positive attitude to uranium exploration, and in particular Malawi, reduces the risk of becoming heavily reliant to one region and gives diversification. The Malawi government has expressed commitment to assisting companies exploring for or wishing to produce uranium."


Source: Company announcement of 9th January, 2008.

Rogues Trade, don't worry about the negative ramping too much, they are clued in to this stock like bees to a honeypot. Consider it a good sign. In some cases it is the only stock they post on. What does that tell you?



Cheers,
Tangrams