message to flatchat, page-2

Hi Darkone, i think joaquim credits me with more knowledge than I really have re EBR. I have been a long term holder and I trade a few around the margins. I can only express my view not really advice. During this latest round I sold off my trading stock in the 9s and got them back in the 5s. So their failure leaves me with some profit each time. The real money will come with a discovery and so i am never without a considerable holding. I too am in the red at present but it doesn't bother me.They will always bounce back IMO.It all depends how much time you want to invest. There are also plenty of good opportunities around. EBR will be doing some 3D work in the cooper later this year. This greatly increases the chance of an oil strike. I think about 1:2 is average where good 3D prospects are drilled and this could see them in the 30s or40s who knows depends on the size of the find. they have the Graphite mine and stuff is happening there, some tremendous Bass Straite prospects and are seeking farmout at present. nickel- they are awaiting assay results and quite a few other projects-all info in recent reports. On the downside, apart from the nickel there appears to be some time lag until the next action. I think the need a new MD with some drive to speed things up. However again they are often full of surprises and a merger, name change, appiontment of new MD, some new JV etc etc could happen any time. This probably doesn't really help you much but I can only say I am still happy holding and would not want to be caught empty handed particularly since I have waited so long. We need a good announcement re the nickel and this could happen any day. If I can find out anything i will post it here.
Cheers and good luck to all holders
fc
Joaquim Moet by xmas for sure:)