looks good punters, page-19

Just to clarify:

I do mention how there is the possibility of resource updates in the future.

I did not mean to allude to a CR any time this year. I too, don't believe there will be a CR this year, but it is looming and it will happen. Hence why I have stated that 'I don't think we'll need to raise significant $$ to get it up and running'.

With TKG, I meant whinging not whining, apologies. I feel that it is mentioned constantly and almost in every thread and that usually it is the one that is blamed. However, look at the reality, there isn't one person on the board/in the company of TKG who looks at the stocks hour by hour and says "Oh look a rise in MNC, better sell a tiny portion of my 65mil stocks". If you want to blame TKG, lets break down the volume, assume 50% of the volume was their selling, that would be about 3mil stocks and at average SP of 6.2c that's 182000, that's barely enough to cover them and let them stay afloat. Very little volume actually contributed to the SP falling, it was more a lack of buyers, TKG could not have sold much near 6.9c. Sure, they could have sold some, but generally not like the way everyone describes it, it's a waste of time for the CEO or assistants. Just because the SP went down doesn't mean that it was a direct resultant of TKG. Thinking that the entire market is made up of one seller is silly. I'm sure there are lots of people who bought up in the 5c region that took today as a good day.

In reality, what happens is that the board or ceo makes a call to their broker, asks them, can you sell off X% of this stock and I want you to do it this way so that it does affect the price/doesn't affect the price/I want the average price to be X etc. Rarely do you get orders that asks for "I want you to sell 500k at 6.5 6.6 6.7 6.8" because at the end of the day, you don't know where the stock price will land. Usually, even if a company wants to sell out of a position, they don't want to lose out too much money by pushing down the price, TKG is in a similar position, they don't want to drive down the SP with persistent selling. If they knew the price was going to go higher, they could pace the selling to prevent the SP from falling.

Unfortunately TKG is no longer a substantial holder nor do we have access to downside's IRESS, so unless they make a large sell, we won't know if it was them or not today. I am not convinced that TKG is the main seller just because of the price action.

Which brings me to my final point and why I don't want you to think that it is TKG selling: you shouldn't be worried about TKG selling, as they are in financial difficulties and have a reason to sell. You should be worried about the hidden sellers, people with rational reasoning as to why they are selling, as sometimes these people have information that you may not. People always like to point at a scape goat which usually is a red herring. The trick is to look for the wolf in sheep's clothing. And I am afraid to know what I may find.