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SOS100 - Thu, 21 Dec 06 :

gondola

talking of undervalued situations ,taken small punt on elp ,due to spud north sea prospect, with market cap of 11million ,4 million bank balance...limited downside ?

i know resource stocks little out of favour atm but this one is dual listed in asx....and it did spike around nov time on expectations of drilling...so i hope this happens again.

in any case they are due to drill soon so taken a little punt... fingers x.
maybe one to keep an eye on.

all imo and dyor.


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