Developing phosphate interests in the Georgina Basin, Queensland, Australia

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Message: I just spoke with Mordi Gutnick

He attributed the recent volitility and further reduction in share price most likely to a few investors getting tired of waiting on news and bailing. He said there has been no news or reason other than that for the drop in the share price. They are still ongoing in their partnership talks. They are making an effort to get on the ASX to hopefully attract more institutional investors into the Company and we all know how long that's been in the works. He said at some point if the shares get any cheaper we should see some big buyers step up and buy in. We'll see.

It at least appears the share price has stabilized somewhat today. So we'll see how it goes.

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