Developing phosphate interests in the Georgina Basin, Queensland, Australia

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Message: When will the blood bath end?

When will the blood bath end?

posted on Aug 13, 2008 05:04AM

I for one am amazed that this stock has continued to move down on negative sentiment or short selling with no basis on business fundamentals or the informationa at hand.

We have all seen things like this happen before, and I had predicted a bottom to this market when it hit a mid day of 1.87 a week ago. Has anyone heard a negative fact or a negative rumor about this company?

Lets' recap the facts:

The company has no debt and over 100M in the bank.

The company has proven to have Billions of dollars of assets in the ground.

The company has a buyer and contract to sell those assets at a fair market price.

The company just announced a new and experienced management team joining the old management team to bring the business to market.

Australia is a friendly nation in a geographically desirable location for this business.

We simply have to wait until the logistics are built out until re can reap our reward for waiting out the negative sentiment.

As far as the current stock price blood bath, it will end prior to the shipping of the phosphates. My recommendation, stock up on Rolaids or Tums and wait it out. To sell now would be foolish.

Good Luck!

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Aug 20, 2008 09:44AM
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Aug 21, 2008 07:52AM
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