more director buying at 10 cents, page-2

Hi Yaqona - I was getting lonely here.

They have more than one undeveloped asset here and huge tenement holdings they are yet to explore. It will be interesting to see what strategy they choose to adopt given the current climate.

Mount Remarkable is a small deposit but at a grade that is still very profitable to mine at current prices. They have said they will provide options to exploit this. Would be interested if anyone has views of what the capex requirements might be for something like this. It could be a handy little cashflow generator to enable them to fund exploration and get finance for development of other projects.

They may be able to earn back some of the equity in Kalman and take it forward themselves - if Kings can't raise the capital and they feel its worth doing. Phosphate still on the horizon too.

All in all not a bad position to be in with the cash still available to pick up more opportunities while its a buyer's market. The main reason for it to trade at such a discount is the lack of liquidity in the stock. Liquidity is viewed as an asset in itself in the current market, but hopefully that will change.