next week, page-8

Thanks Tinhopper. I don't know how I missed that quarterly. It was on my phone as an sms as well. Anyway it does confirm that their cash is still very good 2cps. The projects are all coming along. No mention or near future cooper drilling. I wonder if they still have 2 slots left or if they blew it all on the long drawn out Vanessa drill? It still appears that the share price could be in for a reasonable rise. There was a survey on HC today seeking shares under 10c with good prospects for the near future. I didn't have time to follow it all but I would certainly have added EBR. I'm not really sure what the deal is with ULEY. It seems like they will get some associated cash flow but they are masters in muddying any clarification. The Bass Strait stuff looks good and speculation drove the SP over 14c during the last round of drilling here. There is mega money to be made on any substantial find.
All in all I am reasonably happy with this report. Not much new but they have come clean on Myall Creek and I think it confirms in my mind at least that EBR is worth investing in /holding for the medium term. Keep an eye on ADXs quarterly as they might spill some beans on Cooper drilling-after all they don't have much else to pacify their shareholders with.
Lets see 7c= by the end of the week!
fc