MIM has bought 2 million shares at 25c a pop. The Managing...

MIM has bought 2 million shares at 25c a pop. The Managing Director of Indophil Resources, Tony Robbins said, "We are delighted with the placement. Deposits of this size and quality are rare and MIM clearly recognises the potential of Tampakan." Effective 1st July 2003, Mr Alan Roberts will join the company as Managing Director. Alan, a metallurgist by profession, has had a long career with the Rio Tinto Group, most recently holding the position of Chief Executive Officer of Lihir Gold Limited, a top-100 ASX listed company. Looks like good times could be ahead for all holders.