macrae12...Sorry...missed this thread for some reason.Could blow...

macrae12...

Sorry...missed this thread for some reason.

Could blow at any time...but only if corporate incentive dictates. More than likely will simply track sideways with an upwards bias for some time while the register "fix" takes place.

Drilling at Cethana should stimulate...but who knows when this might be? In this regard, the metals exposure simply does not make sense in the big picture...it does not fit...as such, I expect a spin-off of these assets, perhaps as part of further cash raisings via early options exercsie incentives, on the back of a pro-rata bonus allocation via the heads?

Interestingly, the parent needs to come up with some $34m to exercise their options...the rest of us about $4.5...so with the recent placement, bank guarantee and the exercise of these options, GUJ has more than enough to pay for both the acquisition and development of Elouera and Avondale.

On this basis, we are ahead of INR some $100m, with similar resources, similar production/business models...but with significantly less shares on issue.

Anyway, back to the corporate "stuff"...

Gut feel tells me they will exit all non-escrow positions over the next 2 months, then rev it up to ensure full support of options conversion. Of course, if they can manage a price rise while "seeding"...and maintain the sort of "distribution" they want, then I am sure they will.

Perhaps the most attractive side to GUJ right now is the relative "safe haven" it presents in the current market climate...I expect wider market influence, especially that on the back of the DOW, to have little if any influence here, making GUJ one of the best places to park you money for the next 6 months or so.

Significant value equation here...just a little hard to get ones head around the timing of any likely moves in the current corporate influence.

All the while, the synergies between INR and GUJ remain compelling.

Cheers!