Ann: Catalpa Launches Equity Capital Raising , page-9

Catalpa board must be bullish about the long term price of gold hence 2 new gold only acquisitions over the next 3 to 4 years.

The share price will lag for approx 6 monhs, from what appears to be a definite gold acquisition in the first 6 months of this year. Although the share price should hold up reasonably well with the Edna May Underground reserves announcement coming in a month or 2.

The Catalpa board, directors and management team must be very positive about finding pre-mined, Edna May look-alikes at Golden Point and Greenfinch.

With better grades forecast in the 2nd qtr of this year, from the Edna May Open Pit things aren't looking too bad if you are concerned about the share price.
If all goes to plan this year, the share price will be a lot higher this time next year.

I also think (hope) Catalpa will be a definite takover target, by another much larger predator towards the end of this year - if Golden Point and Greenfinch are highly resourceful. Remember, these 2 sites have never been mined in the past.

Hence this is another reason to get this ship at ramming speed on all fronts via the Equity Capital Raising.

Expect some exciting news in 2011 from Catalpa.

I'm recommending this stock as an absolute buy when the market opens tomorrow (should come on a bit weaker) for any new gold players.