epc890 - rocklands project, page-12

Mate, in the midst of the GFC, with coke prices falling, I would not expect RCI to spend their money on exploration tenements.

Essar is an Indian company. Are you saying that they were part of the grand conspiracy as well?

As for ther resource estimates, you have already confirmed that RCI own the tenement. Which means that Jindal's comments in the press is misleading to say the least. But you still doubt the validity of the resource estimate when this has been done by an independent expert. Why?

I think the company is in a stronger position now as they have plenty of cash, their coke oven refurbishment is almost comlpete and they can use the cashflow from the coke production to start work on EPC890.

I also never buy stocks in the midst of a takeover process. Been burnt before. That is why I waited and waited and purchased only in the last few weeks (when Benny jumped in).

Ralph