Ann: High grade mineralisation from surface at Boda, page-37

no - Current field tech is not sensitive enough to give close enough indication of grades. Insider can move on the back of visuals and that is what I suspected when SP started going up from around 85c and all the way to $1.25. But visuals do not warrant grades will be as good.

My original thought was the deep DD showed breccia so insiders started buying. That is now debunked as the deep holes missed that zone. It did intercept interesting zone but grades are very poor. So the buying was not caused by this.

Recent selling could have been anything - insiders receiving/accessing assays from one of the deep holes, short sellers coming back, normal consolidation as SP did move up too far in too short period. It will be mugs game to try to work that one out.

Sure made correct call when he said assays will be poor and I think I know who he worked that one out - I think along same lines. If Surge wants to expand on how/why, I will leave it to him rather than me speculating.