the strong are the patient punters, page-69

The market is hungry for real news and will only react to that . It is a very difficult market for speccies and the same dollars are going around in Hot Copper circles .

We need to know if the quality of the new directors and management IS of quality and that the project is viable in the eyes of the GEMS report .

Then the possibility of new projects ( although I think that will be post consolidation ) .

The CR price should depend on the MA after some announcements spike the price .

If it doesn't go that way , then a cheap CR will have to occur and the upside will be later . Either way I hold with long term confidence .

It should be able to get to 2c and support a 10 to 1 consolidation but that's just a guess as it depends on the timing of news . You can bet they are not twiddling their thumbs .

The coal stocks are not exactly flavour of the month but as we all know the alternatives are all secondary to immediate coal use .

I still am going with the quality of the major holders and the location of the lease as the basis for my investment .