Well here we are. In about 12 hours from now we should all be in...

Well here we are. In about 12 hours from now we should all be in a position (hopefully) to put some sort of valuation on the shares of CEO. Up until now there has been a lot of hype, but also a lot of positive news to go with it, albeit without any real substance until now. (by substance I mean actual facts and figures regarding resource size etc).

There may be a placement in the announcement tomorrow, and yet there may not be. Honestly I don't care whether there is or not.

Barely 12 months ago Mark Earley was appointed as MD of CEO, and at that time they also completed a rights issue at .9 of a cent. At the completion of that rights issue there was $2.4m in the bank. The last quarterly report showed cash reserves still at $1.7m.

No doubt a lot of those reserves would have been used up this quarter with the activities undertaken, but to start with cash reserves of $2.4m and deliver a 16 fold increase in the share price in that time is nothing short of remarkable.

Whatever happens tomorrow, and I think it will be very positive, I know our company is in safe hands. Mark could easilly have done a placement at 10 cents or even less, but he has been frugal in that respect and we will all reap the rewards.

Whether there is a placement or not tomorrow, I have little doubt that shareholders will get the chance to participate in a raising at some stage. I just hope it's a rights issue and not a SPP. I hate them.

Good luck to everyone. I'll be jumping out of my skin in the morning looking for that announcement.

Whatever happens tomorrow, it is only the beginning.