exciting gold results continue at mount adrah , page-17

KosmoS

They just raised $1.65M at 20c which was basically market at the time given the depth. Instos would not have even received stock yet.

I tend to look more at the 8M shares instos purchased at 20c as a sign of whats to come as opposed to the 50k shares of mug punters selling into the bid when the VWAP was 23c and someone bought everything on offer at open.

We are only 2/4 holes into the first pipe of what they believe to be potentially 4-5. This is only the tip of the iceberg in terms of drilling and newsflow.

Nothing to date has given me any reason to be nervous. When they miss a target I'll start to worry about day to day share price fluctuations, but while they keep nailing their conceptual model I sit back and await the breakout.