And good luck to you Deidre,3.8 cents...WOW...good on you.My...

And good luck to you Deidre,

3.8 cents...WOW...good on you.

My reading of the announ was that this is somewhat more than an MOU. I have a pretty good knowledge of the way Chinese do business and companies like China Railways and Jiaming dont go around signing agreements to let them fall over....its called loss of face my dear.

though given the history of this coy I can understand the reticence...somewhat. But why on earth those holding wouldnt stay in until the October (or prior) signing and the $1m cheque being handed over is beyond me.

As for the SP I suspect there are a lot of Deidres out there. Yesterday there were around half a dozen buys at around 2mill, but no big punters have come on board yet by the looks....but once things move ahead I have no doubt whatsoever they will.

As for the shares on issue....30% of a multi billion dollar resource seems to suggest that sp will surge upwards once milestones are met.

Anway, there is nothing wrong with a punt.....this is a surer thing than Fine Cotton.