just slumbering along

no interest in this stock. it seems that the company now only holds about 1.3m lumacom shares, which along with cash, gives it a total of $2.7m in liquid assets. which is not bad, considering that the company has 25m shares on issue. it appears that they are reappraising one of their prospects (i think it was the blue funnel prospect), which ws mined in the past, and still has resources. they seem to think that there are similarites to the rich, kundana mine. the kundana mine was a bit ho hum at first, then they looked at the geology from a different perspective, and found the large reserves, which form the basis for a very robust mining operation

i first got in, because the company owned 3m shares in lumacom, now they only hold 1.3m - so maybe my perspective has changed a little. never the less, being cashed up, with a promising project, then it might be worth a punt