Developing phosphate interests in the Georgina Basin, Queensland, Australia

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Message: Down again today on big volume

The last CC Joe G. had was the call with Wengfu in N.Y. Wengfu didn't even show up or send a representative to the meeting, but did it via phone. In hindsight maybe that tells the whole story here. The interest is not as great as we all have expected it to be. Most of our expectation levels have been very high, but why did Wengfu bail on getting in on the ground floor for this project? That question was never answered by management, when it was supposed to have happened. Why haven't all of these interested parties they claim are out there jumped in on this sweet deal yet? If this was attractive as everyone believes you would think someone would have stepped up and taken the bull by the horns amid the many interested parties. Wengfu had the chance and they didn't.

Something is gumming the works up here and maybe it's just simply Joe G. asking too much or potential suitors not willing to pay the price. Maybe the interested parties have the time to let our share price go to zero and we don't.

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