running out of sellers, page-3

There are chartists who said that the shares would halve again from where the sp was at the rights adjustment announcement, there were even those that said it was going to 27-35c.

Well I for one am a fundamental bottom up approah. The nickel assets are worth nearly a buck, throw in Lake Disappointment with the resolution of native title and other listed assets. What convinced me was Liam Cornelius the director exetcising his options early to take the rights and shelling out $2mill all in.

Finally I nearly forgot to mention those Tier one potash assets, IGV of 50bn plus, you gotta take some risks some time and that 50bn is currently being valued at nothing in the sp.

I for one will be taking up those rights at 55c, looks like the downbaggers may have missed the boat again if they are not aboard. Bring on the presentations to instos and companies on site in Eritrea in Jan.