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There's potential here (imho, dyor) so went in for a few this morning

Gippsland Limited

ABU DABBAB PROJECT UPDATE

Reconfirmation of 40 million tonne total resource estimate
Indicated Resources increase from 2.1 to 13 million tonnes
Use of raw sea water provides a significant CAPEX and OPEX benefits
Bank due diligence for project finance to be completed by June 2008
Potential for substantial tin revenue increase

Gippsland Limited ('Gippsland' or 'the Company') (ASX/AIM: GIP, DB: GIX) is
pleased to provide the following update with respect to the Company's 40 million
tonne Abu Dabbab tantalum-tin project ('Project') which is expected to become a
major supplier to the global tantalum industry.

shares currently suspended - have i picked another loser?

Is the lack of a NOMAD a sign that the company is in trouble?
They have one month to appoint a new NOMAD or the shraes admission to the AIM is cancelled.
This sounds worrying especially as last quarterly report seemed upbeat and no subsequent announcements have been made.

anyone care to comment?
Alex

no NOMAD appointed and AIM admission cancelled wef 0700 monday morning.
does this mean my shares aren't worth the paper they are written on?
shares on the ASX suspended too vice awaiting 2008 figures.