GLF

After an AMEC presentation in 2009 Oct, I bought GLF at 4.2c based on the CEO's forward estimate of the PE ratio. It was 2. He said when I asked him personally at the end of the meeting to confirm what he said, that he expects it to be better still.

But for a long time, I questioned whether I was conned. However, the figures produced by GLF continue to support what the CEO said so I bought more at 2.9c when it moved into Madagascar, exploring for limestone and other minerals. At closed today, due to a spurt, after nearly 16 months, GLF went up to 7c. It had been great just to see it turned green but now I am onto 94% profit.