Fundamentally, this company is on shaky ground. The Managing...

Fundamentally, this company is on shaky ground. The Managing Director was sacked from his last job. At the 31 Dec 06 the company had just over $500,000 in the bank and had expended $900,000 in the 6 months prior. No 3 rd Quarter cash flow report was submitted, so one would assume that they are almost out of cash (all those airfares and 5 star hotels aren’t free) or have a line of credit with the bank. Given the speculative nature of what they are doing, the latter seems highly unlikely. They are years away from building a power plant (if at all). A capital raising leading to more dilution is highly likely and yet the sp rises. You guys have done well, but be careful this may be just a flash in the pan.