Thanks for your posts guys, in particular LostSoul - Welcome!...

Thanks for your posts guys, in particular LostSoul - Welcome! Well it seems we are all pretty much in the same boat, or thereabouts. No idea who is selling at the moment but whoever is, they are certainly doing so at a substantial loss by the looks of things. Yes this has turned into a LONG term play, very very LONG by the looks of things as pointed out too already. But I guess if you urgently don't need the Cash, no point really in selling out now if we're all down that much, might as well hold and hope for a miraculous recovery. Definately in TO territory for sure, who wouldn't want to buy a company who is trading at Cash Backing or under and with a World Class project that was offerred US$650mil for from Xstrata earlier in the year, let along East Paulsens IO and Berau Coal. Seriously, this thing looks ridiculously cheap, I can't find a better spec junior on the market at the moment but sadly I have no cash to buy (suspect a few are the same).