Developing phosphate interests in the Georgina Basin, Queensland, Australia

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Message: Does not make sense!

Does not make sense!

posted on Nov 21, 2008 06:32AM

Today we have a M/C of approx. 68 mil. with 125 mil. in the bank.

So we are trading at an incredible -90% cash discount to share price.

66 mil M/C x 90%=(59 mil) = 125 mil.

Some rich guys could buy out the comapnay for a mere pittance

a small premium to todays price and double there money. Not only

they would double there money they would own billions in phosphates. Its just amazes me how sick this bear market is.

Lately I think the hedgies have been selling to just get out for redemptions. I am suprised we are down today but it is triple witching

so stocks go all over the place.

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