daytrade diaries... friday, page-17

hey ASXrat,

in terms FSE, there are a couple lines of thoughts:

1. The company already has investors lined up at 5c, hence that being the minimum price for the capital raising

2. Further news pending which will drive the shareprice up to the 5c level.

3. Like you where saying the old fashioned pump and dump to get the shareprice to the magical 5c mark.

although dissapointed that my current position is underwater I believe there is considerable longer term upside for the company, and its hard to ignore the magnitude of their coal assets in South Africa which will eventually lead to a re-rating of the company.