Cheers TauriskI must admit I dont particularly like the Indian...

Cheers Taurisk

I must admit I dont particularly like the Indian way of doing business. The takeover of GUJ was an example, but in the end I knew we would benefit if we held along with them. This is slowly proving true. It has performed very well despite aweful world markets.

Very illiquid still, so can drop quickly too, but they seem to keep buying which gives confidence.

I like the fact that they will ramp up to 1.1mill/t by next year, & then keep ramping production each year up to 2012. This indicates contstant growth & profit increases which the market likes.

ASX200 entry is not far away, which will be significant.

Then besides the endemic growth planned, we are bound to see some other purchase come through once these projects are bedded down & cash is building up.

Also iron ore has gone ballistic in price ... iron ore is useless without coal to fire the furnaces. I expect a significant increase in coal prices by years end

In the meantime I am waiting for the announcement that the new Wongawili mine has started production.

cheers

LE

Good to see you still hold some GNM ... well done! It has rewarded the patient very well

cheers to all