newbies be careful

BE VERY CAREFUL WITH THIS ONE.

Its a shell that relisted 11 months ago yet nothing has developed - has no assets of value and limited cash. No exploration since relisting.

610m shares on issue - market cap of $27M at 4.4c.
PLUS 243m options exercsiable at 1c.

Cash of only $1.7m as at 30 Sep.

At best market cap should be around $3m to $4m - cash plus value of the shell. We therefore have $23m value for rumours of coal/uranium that have been floating around for 11 months now. Unbelievable.

The share price will continue to slide without an asset secured. Even if an asset is secured, it will need to be top notch to justify the $23m value already built into the Company.

IMO very high risk, completely unknown reward potential. Don't get sucked in by the ramping and constant dribble about news around the corner!