100,000 share bids at 67.5c, page-10

None of Friday's major buyers will be selling on Monday ...unless they don't understand the LIFO rule and the 45 day (+ trading days) rule.

I'll be happy to see a lower entry price, as I will top up more, but I doubt the franking credits will be priced in at full value as many cant use it.

Starting from what do know:

Last Price 69.5 (as valued by Mr Market)

Less
Cash return 10c
Fully franked dividend 28c

What we don't know is what market value will be given to the franking credits ...I'm not talking about the 12c, I'm talking about share price.

If the market valued them at full price of 12c (highly unlikely IMHO), that would indicate an open of 19.5c. I think the market will probably value them at more like 5-7c, so that would indicate a range of 24.5 to 26.5c opening price (plus or minus volatility).

Anything under 22c is a screaming buy IMHO, and I will definitely be in for 20G. It a stable long term buy because of the cash backing and exploration tenements IMHO.

Hope you all get to buy or sell at a price that you are looking for.


Cheers,