Been on my radar for some time. Bought more at 2.9 cents two days ago. Looks set to move higher in coming days. See my post below on the 1st January, 2011. Holding both options and shares.
Gulf Industrials Limited (GLF/GLFOB): Gulf Industrials recently became a producer of Vermiculite from its East African Project. Vermiculite is currently experiencing an increase in demand combined with a shortfall in supply. This project has the potential to generate substantial cash flows. The company recently acquired the Soalara Limestone Project in Madagascar where they are targeting first production in mid 2012.
Sir Sam Jonah recently joined the board as Non Executive Chairman. Having a person of such a high calibre guiding the company through the transformational phase into a produced on several fronts is a significant positive factor for Gulf Industrials Limited.
one to watch in 2011
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