Well,Tomorrow is D-Day for Hodges.And I must say judging by the...

Well,

Tomorrow is D-Day for Hodges.

And I must say judging by the resolutions passed in Tuesdays meeting and the way the SP is holding up in this market, things are looking very nice indeed.

I have held off on following this one for a month or so, but had a look at what they are holding and had to almost pinch myself when I read over the recent presentation and was reminded of the fully dilluted MCap, the size of the resource etc.

The next couple of weeks could prove to be very interesting for this little coal diamond:


The Company intends to issue 7 million shares within it?s capacity under
Listing Rule 7.1, however shareholder approval will be sought prior to the
issue of the remaining 18 million shares. The issue of 18 million shares, is
dependent upon completion of successful due diligence on the Moiyabana
Project on or before 13 May 2011. The proceeds from applications for the 18
million shares, will be held in trust until the completion of successful due
diligence and will be refunded if the Company elects not to proceed with the
Moiyabana acquisition on or before 13 May 2011.