TP, Again not the stock refered to on CNP thread but their ASX announcement today is well worth reading & understanding. This company has about $86 m from a recent placement, so when looking at its current market capitalization it is important to understand they not only have a large amount of cash but also many shareholdings in other companies they have floated off recently. Given this Roadshow to European Investors is probably not about raising money & runs from 27/5-5/6/2008 I would expect some buying coming on the back of this Roadshow out of Europe. The next few weeks could be very interesting in GIR if large overseas buying comes into the market. Have been in this stock for some time waiting for the "Elephant" to be drilled. For a complete list of recent stocks posted on refer to my favourites list. Whilst I purchased more stock today this comment should not be taken as investment advise, & everyone should do their own research. Regards Buffett
GIR Price at posting:
0.0¢ Sentiment: None Disclosure: Held
