new record, page-7

Arbitraged,

Question for you. When do you expect that JH will be able to contract a drill rig and have it mobilised and re-entering Surprise - 1?

Personally, I don't see it happening inside of six months because everyone has already planned out their drill programs for next year and booked their rigs. As far as I know, there aren't a whole lot of spare rigs lying around waiting for JH to come along.

Add to that the financial situation of this company and you have real problems. They are not likely to get another bunch of bunnies like Patersons to come along for a "Sophisticated Investor" raisaing and any approach to the market will now be in the 3c range - driving the price even lower.

By all means it's your choice to hold and average down, but if it was me who had a strong belief in the future of the company (which I might if they changed management) then I would be selling all of my holdings for whatever I could get right now and buying at half that price in the next few months.

Good luck anyway.

Cheers

Badfish