skin in the game, page-30

Thanks ASX GUN. The Credit Suisse Report has some interesting stuff. The message I take from it is that we are unlikely to see any urgency in the mineral sands market much before the end of this year. The early green shoots from the first quarter of 2014 just haven't amounted to anything. That fits with the ongoing drift GUN is experiencing. Therefore I don't think the company will get anything more than tyre kicking interest in Coburn in that time.

I think if we're going to get any traction in the market in the next 6 months it will either be from something really positive coming out of Terrace Mining's work on MG14/Windabout copper or entering a JV to explore Fowlers Bay for nickel. I'm barracking for the latter with the Indonesians sticking with their decision to cut supply to the market until they have smelters up and running domestically.

Meanwhile the company has to weather ongoing selling. It's not massive but the size of the parcels that come on suggest to me one of the main shareholders has been bailing. Frustrating when there is otherwise no selling depth.