london closed @ 7.92p = 12c, fat volume

another fat volume in London...
36m !!!
Seems there are some things going on...
So my guess is, that we will hear something about Trinidad or Georgia in the next few trading days...
Trinidad...PL and the Management decided a few months ago, that they will take only a 10% stake in the Trinidad-Project, obviously because they thought Puntland will be drilling the next weeks, so they wanted to keep some money in their pockets. As You all know, the things progressed in another direction. Puntland was cancelled for the next couple of months...
Maybe Range will get a bigger stake in Trinidad than 10%. Could be 50%.
It seems MHL is unable to finance this project. To much time has gone. Smells like discussions and hard business behind the scenes...

Georgia...maybe the raising SP is from a corner they know more about the quality of the Georgia project. They are accumulating...
OR...a potential farm-in-partner is sure, Georgia will be a megaburner and is accumulating, before he get in with 20%...


Only my opinion and ideas, have a good, healthy and lucky 2011.
Mikro, DYOR



My Baggerstocks for 2011:
UCU:TSX, MHM:ASX, RRSO:ASX
Superbaggerstock 2011: ADO:ASX