No I don't think that that is the case. I believe that small cap...

No I don't think that that is the case. I believe that small cap resources stocks are - in general - really beginning to lose buyer support and this will continue for months. There are several small resources stocks
that should be trading at perhaps three times current market capitalization, however the demand has simply dried up, wholly due to the adverse credit conditions in the U.S. and the investor's fear of a U.S. recession - thoughts which are well founded in my opinon.

It is going to be a very bumpy ride over the next few months - stocks like IFE will find it dificult to remain upright. However this can be heralded as an excellent buying opportuity with excellent returns realized after 12 - 18 months when support for small cap resources stocks returns.

This has been a 4-year 9-months magnificent bull-market, and these extreme market conditions are within the nature of the beast.

Close the ComSec screen for now, come back in a few months time!

TheSoothsayer.
MDF.