I dont deny its frustrating, hard to hold this one when so many...

I dont deny its frustrating, hard to hold this one when so many scrap "U" stocks are bolting - the problem is the time to sell has probably been & gone i think.

$14 million was raised in the float, they have spent the first couple of months since listing setting up the Brisbane office but drilling has continued at Challenger West. As far as tenements go SNU got some of the best around in The Gawler Craton, I believe this is what attracted Talbot and Citic to the registry.

They need to get more aggressive with their drilling, John Anderson needs to begin doing broker presentations, some assay results from Challenger West shouldnt be too far away based on their announcement dated 9/5/2007 - imho I see the current situation as more of a buying opportunity than being a time to sell, largely because of their cash position and tenements. Patience should be rewarded.