what about todays blocker of 4,000,000 at .1 - note its one...

what about todays blocker of 4,000,000 at .1 - note its one order - a lot to offload by one party...

i can see no real reason for the stock appreciation other than the bulletin magazine...

scgrays analysis lacks substance behind the numbers. long term price can only be supported by earnings and earnings growth...

scgray provides absolutely no basis for his expectation of NPAT for Jan to Dec-06 of between $2.9mill to $3.9mill. This expectation largely underpins his s/p valuation of between .13 to .18.

The company has certainly published no details that support scgay's earnings expectation. What is the basis of your valuation scgay?

I have reveiwed the most recent annual report (J-D-05) and it appears expenses significantly exceeded revenues and the profit was only supported by a significant sale of assets.

A very significant turn around would be require to report NPAT of $3.9million through core business activities.

I personally would be very cautious about putting money into this stock on current prices given the complete uncertainty about earnings and earnings growth.