something is up, page-8

well i'd disagree TDS, amicably

- they've told us that they have altered the Board and clearly indicated they can say no more because of legal implications. I buy that. Dismissing a director and severing consulting agreements is not something you get lippy about when there could be dispute over both actions. It's a good sign they are proceeding professionally.
- they've clearly said that the business direction remains as in the recent prospectus; coal tenement development and progression of their UCG projects
- there are some pretty significant buyers stepping up here. not massive buying, admittedly, but $40k and $20k at a time for a total of 8m either currently on the bid or gone through at 0.04/0.041. So some-one(s) have stumped up >$300k at this level.
It's looking more and more like a blow off bottom to me.

The key issue for me is that we need to see that the new Board has status with it's overseas partners. But regardless of that the current price i'd bet big time is worth less than just the value of the coal tenements.