attention all sophisticato's, page-7

Kingpins

Agree with your comments and have given a thumbs up. Always has been a concern of mine why the authorities don't act on this sort of stuff. The problem with issuing shares to sh and the public in general costs a lot of money issuing prospectuses. Cost would eat up everything they just got from sophisticato.

Looking at the positives of the ann plus the data from the maiden JORC I would make the following IMHO observations.

1. The JORC indicates that there is still a lot of AU in them there hills. The JORC while small pickings only covers a fifth of the area mapped out. See also the Analyst report from Martin Place securities which shows good results so far. So why didn't PB use this to ramp the damn thing up in the AFR etc and not just local rags as he normally does?????

2. They at least have a strategy to drill more to increase JORC to over 1 million ounces. This will take time so you need to be in for the long term.

3. They now have money to do this. Things looked pretty dire with last placement at $177,000 and just over $1 million of cash in bank.

4. Company is still relatively debt free and despite the dilution of all our portfolios you can at least buy more at bargain prices if you feel so inclined. Not me I'm already up to the hilt on this one atm

5. Directors have fessed up more money for more shares as well as sophisticato. So, they must be confident this is going to work.