Developing phosphate interests in the Georgina Basin, Queensland, Australia

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Message: My Observation

Once again I agree, but that means nothing if they run out of capital before they can secure financing. When that happens common shareholders will be wiped out, while the big money swoops in to pick up the pieces at a discount.

Like I stated the other day.... where are the large shareholders? Are they buying at $0.48? No. They will buy the whole thing at $0.05, take the company private and we are left with a loss.

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