Short Term Trading Week Starting: 12 Dec, page-230

Agree with you that it is frustrating. Basically we are now churning through the really high volume days of the original move in September which trapped in a lot of buyers on the highs. Until these are worked out through the CXO digestive canal, price will hover around these levels. Look at the green fork. Note how price settled around the median and oscillated around it until the September spike flushed out buyers trapped in at the highs from the run in April. Similarly, the price is now settling around the red median which is a LT fork picking most recent major high, low, high sequence. Today's announcement may have excited the punters but wasn't exciting enough to tempt the big swinging d!cks which is why price faded out at the close. The loose register with a lot of retail holders is probably the reason behind this.

So now we await the next lot of news to flush out stale holders from the highs. Current announcement indicates a few holes not yet assayed that have returned strikes of 50-60m pegmatites. Should they outline a link between the different areas that have been drilled, we will get some idea of the areal spread and if these areas are actually joined subsurface. Could be the news needed to flush out the rest of the stale holders before price can move up.