without being cruel look at the rampers, page-7

I would be the first to acknowledge that I didn't much like the scarce geological data in the first ann and I said as much. That makes me a down ramper to some people and I'm happy enough with the tag. I comment on what I see rather than what might push the share price where I want it to be.

Before the trading halt was lifted today, I calculated a support level of 39c. The price passed through this level 16 times on the day. I bought in again when I saw there was enough data in today's ann to justify the conceptual target range. I still hold and will make my mind up next week whether or not to stay in for the long term.

Some positives

*** Untested uranium targets.
*** Balladonia mineral sands.
*** No obvious infrastructure issues.
*** Low cost DSO and CID potential.

Some negatives

*** Pilbara Leases not finalised
*** Native title access not yet negotiated
*** No data at all on CID potential (one line in the briefing)
*** Cash position needs attention (possible mates rates share issue)