just in from pattersons

Hi All,

Just got this in the inbox from my broker:

GIP: Talking of Gippslands, you may ask, as many of you have, where is it going? Well not very far right now. After a great debut post 4c raise, it has slowly traded back to the 4?s again. They have rolled their MD/CEO which may have spooked the market, and he had been running around town telling everyone an off take agreement was coming pre-Christmas. I don?t think that will happen now. However the dream is still alive, and there are worse buys then picking up some GIP at these prices. This needs news to get going, and I?m taking the view that GIP Chairman, Ian Gandell will get the show back on track in 2011. It is a BUY for me.

Code: GIP
Disclosure of Interest: Yes
Patersons Rec: No
Last Trade: $ 0.043
12M Target Price: $NA