A Rumble Fumble or a China Tumble

A RUMBLE FUMBLE OR A CHINA TUMBLE

Getting back to this share still can't help thinking there has been been a bit of bad luck here, nothing more. Missing out on a connect at the Eye feature of Zanthus was disappointing after compelling signs that did not come to fruition. The amount of publicity on the net was enormous and it could be looked at as a distraction or an opportunity lost if Rumble didn't have a go at the eye feature which was there with similarities to Nova Bollinger. Anyway in short, they they missed where the drill went down anyway and now are assessing the data and moving on with a focus on Big Red.

A lot of the talk with traders has been why did they waste their time, money and effort on Zanthus? They did it because it was there and they didn't waste company money on it. The company saves money by applying for funding through the WA State Government 's Exploration Incentive Scheme (E.I.S). The government awarded Rumble $150,000.00 for the Zanthus Project which basically funded the drilling program which left plenty of gas in the tank for Big Red. The interesting point here is that the award by competitive tender was the fourth successful bid made by RTR through the tendering process which shows the potential thought of RTR’s drill programs. The company is sharp and doing other things to save shareholders money and why they've ended up with $1.7mil after Zanthus and knowing now what the position is there in respect to the Eye feature and funded for next upcoming stages very soon. You couldn't blame any company for doing what they did for basically no cost and now being more aware of of where they are. When you look at the chart, it went up on Big Red and down on Zanthus – If the Zanthus Eye feature drilling didn't cost anything then why penalise the company for for getting it out the way with government funding. Well we're not talking logic here, the market is neurotic and China crashed. Although you couldn't blame any chartist trying to get out when the 50 Day Moving dropped down around 5 cents after holding up for so long. Maybe the company needed that pause and now when the company is at its lowest price ever as far as I can see at its basing stage, anything at all will make this share jump quickly.

Maybe we should take a closer look at management and not be so full of fear. At least be very watchful for what may be a great opportunity..


CHEY