I concur your honour ...It IS interesting!Putting the...

I concur your honour ...It IS interesting!

Putting the manipulation theories aside and being positive in regard to this support: it appears that some entity is prepared to buy anything that falls into the 7.5c to 8.5c bracket.

Peter Thompson reported that "The Company is relatively well funded at present and expects to be able to fund its exploration commitments for the foreseeable future.", which although not being iron clad, suggests that a cap raising is not imminent (bad call on my part).

Perhaps it is just a simple case of interested parties crunching the numbers and seeing that Milo represents several billion dollars in potential production based on the least conservative resource estimate -even prior to any REE discovery -(the effect of which is still to be confirmed).

In addition we have every likelihood that uranium will be approved to be mined in Queensland (if Campbell Newman is successful next year -or perhaps before?) and exported to India (perhaps courtesy of the extra seat provided by Peter Slipper?). This would mean this particular mineral will change from being a liability to an asset.

All this puts us in an envious position when we hit the next major discovery, and all the holders desperate to escape will have had their opportunity at a depressed but not unreasonable price (esp is consider QMN or EDE currently).

I described "Milo" to Geoff Laing, (Current EXS CEO) at Exco's shareholder forum in Brisbane a few months ago. In a recent announcement they have indicated that they are looking for acquisitions to help drive shareholder growth. Who knows, they could be come a strategic partner it's not out of the question is it?



I have a humours story describing how my latest GBZ transaction occurred, but I'll save it for next time.

Cheer severyone.


Wobblyboots ...are you still consuming oxygen somewhere? havent heard from you for a while mate.