Found this post by Trader101 on 2nd Nov 09 in another forum. Thought i'd post it here verbatim, as it's still relevant. The closing price on that day was 1.1c
"g'day all,
noticed this one Friday and today. 15m volume on friday, 18m volume today.
A bit of jostling going on for position here by the looks, and no wonder. Refer ann't on the 28th of October.
It's tucked away in there that they plan to apply for some prospective coal ground in WA.
With a market cap of 3.5m and a cash position of just over $1m this thing is cheap.
A market shell is worth around $2m - $3m on its own. the recent director appointment is interesting as well in itself.
Depending on what coal ground they get this thing is worth 2 cents right now.
Well worth a look."
Do your own research
Found this post by Trader101 on 2nd Nov 09 in another forum....
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