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dudley doright - Thu, 02 Jan 03 :

energyi though I am loath to defend the mm's they are not entirely to blame, the large percentage of t traders who have always dabbled in this stock are part of the reason for the wide spread. They know if they tighten up someone will offload 100k and then try and buy back half a penny cheaper, they do push it too ridiculous levels at times though, it was 2p a few weeks back or nearly 25% at the time.

On another note I like your attempts at working out the asset value and potential profit, though of course you havn't allowed totally for financing arrangements and dont quite agree with the figures for recovery of other metals, last time I heard they didnt know and were just banking on break even for most of them. The number of shares I disagree with as well, I think its nearer to 70 million at this point before any further financing. Why dont you run them past the company before posting them up, dont want any ramping aqusations at this point I'm sure.


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