Cobar Gold now 100% !, page-53

Hi 11up

I think not updating the website is just an oversight by the company - a lot of the junior explorers have websites that are pretty average. Their focus recently has been Collerina and Cobar has taken a back seat. If Collerina proves disappointing, then I expect that the focus will shift back to Cobar gold in due course. I do agree that Cobar is a good strategic asset. HLX is also very, very cheap at present with a market cap of less that $10 million - pretty attractive when you consider their strategic and well established position in the Cobar district prospective for Au, Cu etc as well as Chile JV assets etc. It would not surprise me if a predator came calling - as you say for AMI it would be chump change (and they could use their highly priced scrip in the bid) and they could secure the highly prospective Cobar tenements to complement their existing Peak and Hera operations. There are also other potential suitors as Cobar is a hot address for miners at present after recent success by PEX etc.