re: Ann: McPhee Ck resource drilling -Strong ...
WC,
Of course the initial resource number will obviously be a lot smaller than I calculated - it may only be 20-30Mt. But I suggest that we are not in this stock for the next McPhee Resource calc...
Its quite amazing what has happened over the past 12 to 18 months - with the number of discoveries, and McPhee Creek has just come out of the blue (assuming my hypothesis stands up to the drill bit). This really needs Australian insto support - like AGO and others. I don't think UK support will suffice, at the AGM, Mike said that 20% of the register are UK based... but as most of the global banks have Australian subsidiaries – maybe the marketing should start there. In saying that, I think the market just doesn't get this company at all. And I am just not sure why? It is clearly one of the best things I have seen in a long time. And management are top notch.
I just don't get it. This stock should not, cannot be trading sideways like this. Are people blind? Or more importantly, am I?
GIR Price at posting:
$1.37 Sentiment: LT Buy Disclosure: Held