phone call, page-20

Quigs, if this IPO gets up there'll easily be an opportunity to buy next year under the issue price.

No cash flow, limited detail of exploitation of the phosphate resource, possible diamond reserves (number and type relatively unknown)....this is a speccie big time.

Speccie = gamble.

I'll stick my neck out and say a 5cent buy within 6 months. Others will, I think, be even more pessimistic in their crystal ball valuations.

At these values a small 'buy and stick in draw' purchase may be worthwhile but I bet that they'll be after more money within 12 months.