They have potential (but most U companies do). I would rather be in ERO (also near Marree is SA). Market cap $12 with $12M in cash.
What I didn't like was the announcement today. Why the smoke and mirrors? What the hell is Tonnes per sq km? First time I have ever heard that from a U company...
This is an old post from CJS....
Posted: Tue Oct 09, 2007 7:10 pm Post subject:
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437 million shares on issue.
At 9.1c market cap is at $39.7 mill which looks very steep!
For anybody looking to buy in now I think it is too late.
There is a very strong chance though that they have something very nice. The fact that Crosby is now on board is a very good sign that there is something nice here.
PKT
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