profit for this quarter, page-2

i reckon $25m profit, paying off noble debt to somewhere below $20m, and a good run into the wet season so 2Q2011 to december should see similar profit. existing noble debt gone by Xmas ? 3rd quarter (jan to march) might be a bit break-even, like 3Q2010. so we'll see a steady rise in share price over the next few days in anticipation, and then its up to management to keep the s/p over 40 cents. it shouldn't be too hard since Euroz valued us at 46 cents, but i can't see it being much higher without a significant shift towards new assets. then a whole new investment ball game begins - are management up to it or do we get rid of the current caretakers and get some guts in there ? give it back to kiernan and let him have a second shot.

holding until 40 cents then setting a tight stoploss to buy back in on the way down.