I always thought that a MC between the 250-300mill ( 75cps to...

I always thought that a MC between the 250-300mill ( 75cps to $1) range was warranted before the inaugural drilling campaign commenced @georgina and before further developments on the Alpha Torbanite project . We are currently capped circa 216 mill so IMO there is a way to go yet . The register is looking super tight now so IMO any quality news relating to either project should have a major affect on the market capitalisation of the company.

Fridays buying really was quite amazing for two reasons 1)volume of shares traded which was the second highest vol in 12 months and 2) which I view more importantly the size of the purchases @50c and above . Some of those wipes were done @50c were over 500k hits and some 100k plus wipes above 50c really displayed a huge appetite for stock .

This buying obviously fuels speculation-

Has a fund/insto done its due diligence and seen the massive future potential here and hit the buy button?

Is there some sensitive news regarding the retort system for Alpha as Greenvale is also continuing its own program of retort assessment ? Significant advancements have been made at the Company’s test retort facility on the Gold Coast and it is anticipated that the Company will be ready to update the market of the retorting progress subsequent to the successful completion of the MFA.


Is there a possibility of an off take agreement in the air from bitumen end users looking to sure up an early contract/s?

Has something big been picked up in the ground gravity survey or airborne geophysics program @ Georgina ?

Is drilling @ Georgina for IOCG about to commence and what is the ramifications of a discovery?

Is there something out of left field not included in the above ?

Whatever your thoughts are on this buying it all bodes very well for shareholders as there is a very real possibility of this becoming a billion $ MC company ! Gltah