"He has plenty of cash thanks to AGM and most likely a large holder contacted him indicating a planned sell order to which he agreed to take on market"
...and out of the sheer kindest of his heart he bought them at a fraction of the price they are worth - 50% of market value based on cash backing?????
...and you also want me to believe he doesn't know more about whats going on than shareholders? We haven't been told where the coal tenements are (other than NSW), we haven't been told the size or potential, or who else is involved. Your telling me he doesn't know these things and more????
North Parks - in their ann dated 28/11/07 they reported licence to explore was for 12 months -that expires at the end of this month. In their Qtrly for the period ended 30/6/08 they said ground sampling had been completed & analysis was underway. In their Qtrly 30/9/08 analysis had been received with a report being finalised...he would know a lot more about this also than shareholders - if he doesn't he had better hurry up...three weeks before licence expires. And, don't forget the people who are carrying out this work, who are also, I believe, in the same building (3 floors up) as GUL........
"Gullewa has engaged Ionex Pty Limited (a wholly owned subsidiary of Allegiance Mining NL) to utilise technology, originally developed in the former Soviet Union and adapted to conform to unique Australian conditions by Dr Issai Goldberg for this program."
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