why so cheap, page-5

Granger,

I went to the AGM two years ago, and had a bit of a chat with most of the directors. McGann wasn't there, busy at the coal face in Turkey. Cronin (ex WPL) appeared very found, Stowell enthusiastic and engaged etc. Hyder difficult to read. I think they play a straight ball, but really wanted some spectacular success at Selmo before doing the PR trumpetting.

I"ve long since decided to take the view that the market is wrong, and that I am right on this one.

Let us know if you find anything interesting inconsistent with what the coy has released.

EL