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maverick one

01/06/14 8:26 PM

#16970 RE: SOUTHPEN #16968

I really don't think Caladay will or can be developed with this current group of people in place. You never know though bud, sometimes you get surprised now and then. Check out DBRM been sitting on it for years large position as usual (just like I did with USSIF) it's solid oil play with potential, huge leases and they file amigo. Also took a large position in TNGL, not yet filing but indicating they could be. New CEO Aussie Mining Executive guy Mark Ashley raised 700 K paid off debts and stated would like to make it reporting. Whether or not they file, I don't know. But, they do have rights to the Tonopah in NV which is no small cupcake to develop and possibly moving into a mexican iron ore operation located 40 clicks north of Hermosillo down from AZ border a ways. It's a pink shell, risky but could be reward. Jury still out till I see filing and they raise that money and start mining. Thinly traded some days hardly any shares trade. At this point with USGIF IMO it could be a takeover project if they don't figure this out.

Take care South- Mav