rumours, page-15

Red Monaro,

AGM could pleasantly suprise (just as SMY or MBN, which I didn't buy last Oct both did), however I think the noise on the AGM and the ten thousand taxi driver shareholders tell a story. Been a lot of hype spun, esp wrt the "province" (in a stones throw radius) and the departure of Ian Levy not explained to my satisfaction. Yet to see whether things will ocurr expeditiously without Ian Levy.

I would like a few more ALB, not too many as Africa is relatively risky and fully weighted on nickel, but more. I let the recent dips pass, but will probably look for any opps after pon stabilises a bit. Although I don't much go for exploration coys, extensive acreage getting big spend by BHP, ZFX etc is enticing. The much lower captn than AGM for similiar production only 6 months later is also an appeal.

EL