west 2 dropping back ??, page-8

My feeling all along has been that we are likely to see prices near 6 cents again UNLESS a well known JV partner emerges.How else can a price of 9 cents be maintained with 500 million shares on issue at 5.8 cents? I'm sure that ME would make the issue price higher if he had the benefit of hindsight. The gain is about 50%. Who could resist taking profits!!?

Even if the potential of FAR is finally being recognised the volume of shares will still overwhelm almost any announcement IMO.After a settling period I expect that FAR will push ahead again to the Kora drill. With success there we will all do very nicely. The important difference will be that failure at Kora will not end the story. Far will have sufficient cash to pursue Guinnea- Bissau and Senegal.I'm still close to being in the top 20 ,so don't want to downramp for what should be obvious reasons, but I think normal market forces will cause the price to come down again after the issue unless we get an extraordinary announcement.All of us should be able to top up in late November IMO.