I am not planning to exit Damman...I have acquired a little...

I am not planning to exit Damman...I have acquired a little under 4mn heads and 3mn oppies at prices much lower then today's back in August - October.

I am waiting for the drilling results and am expecting a JORC of at least 2.5mn ounces to follow soon after.

With my last post I was simply pointing out my error with regard to the strike of the 2012 oppies I was expecting it to be 3c and it is now confirmed as 6c.

I was just wondering if I was alone in living under this illusion or if others had got it wrong as well.

If I am right and we get the JORC I expect (alas no inside info at my end) then I would expect to see the heads in double figures.

I suppose one could look on the bright side...If a big chunk of the 3c oppies are converted under the new offer then the few that remain would have a scarcity value.

I am still running some numbers on this one.

Regards from Krautland

EB