cash backing about 14 cents?, page-4

hey conrad,

GBP closed at an equivilant price of 12.5c in London overnight, so that would be the first price target to look for this morning.

the 14c per share cash backing and the US oil/gas production revenue will provide support for the shareprice, you just have to compare how much better GBP performed then Tower last night in London, as always cash is king.

judging by the buy depth many are prepared to step up and buy between 10-12c to get in below cash backing.