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simon54 - Wed, 20 Dec 06 :

Yes, much depends on who it is that's buying and what their target size is, of course! It's always been a fairly 'quiet' share in terms of PI interest, so I'm hoping not too much of it is short-term trading.

As well as the anticipated resource update, we should thereafter have continuing drilling news to maintain interest up to the stage of production. It's pretty crucial, though, that the resource update does hit whatever the market is anticipating (perhaps 2Moz?) - on the basis of the current resource I think valuation would be looking a little stretched!


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