suspension till monday + project update, page-17

Georgy them beer goggles should be coming off now its Sunday or actually with the market the way it is maybe best leave them on permanent. For now.

Anyway tomorrow the placement info will be out along with the important update. Im tipping the placement as with all of them in most companies will be at a discount to 5 day vwap so expect mid 2s but the amount is important. Id be hoping not a huge placement at these prices and anything under 1 million $ will be ok to start the drilling in motion. Hopefully their next need for $ will be when the stock is higher when drilling is plugging away with some decent hits and they can draw on their financing at higher prices.

The update will be interesting. Look forwared to that bit and hopefully if good enough will stop it falling to much on the placement as with most stocks.

I have spoken to Andrew Mortimer,Ashley Hood,Carl Swensson and Peter Peebeles all GNI directors over the past months and they very much look forward to getting this drill campaign off and running. They are confident that their efforts in putting together a major amount of work with em,ground work and putting this altogether on a database with historical data will hold them in good stead in hitting the right spots to drill. Considering their location next to AUC and GOR i am not surprised they are confident. Thing i like though is this drill campaign unlike last years has been planned by compiling the historical data by the likes of geoligists Carl Swensson and Peter Peebles who's experience and knowledge will go along way with this drill campaign.

Time to sit back over the coming months and see if GNI can be the next AUC or GOR. Ive laid my bets and with the location they are in id rather be in then out. Good luck holders.