im out, page-6

I doubt the stock will come back too much.... We've got 2 potential big annoucements next week.

1) More drill results from Krommbits.

2) Annoucement of the commencement of Torrens drilling. I'm assuming details of the gravity survey results, targets, X thousand of metres drilling will be announced.

Sure the sophisticated investors could potentially take a profit of 40%-50% but I doubt they willl...only because they are 'sophisticated investor' not your average mum/dad or trader.

Mmmm...what would I do? Sell out for a profit of 50% before tax or hold out for the big cheesecake....big strikes on Torrens and however remote an OD size or bigger find ....why would they sell out...they haven't even started drilling there yet.

He's an interesting article on the DOW's recent plunge and the impact on resource stocks....a very interesting read.

http://www.moneyandmarkets.com/Issues.aspx?NewsletterEntryId=1116

DYOR