Ann: Becoming a substantial holder, page-6

May I suggest a few possible reasons why shorters are able to exploit this current general market downturn:-

1. A search of the net will show that there is in some quarters doubts about the grades - too technical for me so no comment.
2. Elliot Wavers racing for the exits - as always when there is a sniff of a downturn
3. The sacred forest issue - as time drags by with no news doubts mount up. A quick glance at Diamond Fields (Voisey Bay) shows that the SP rocketed when they found new metal. What are our chances of finding new metal in the current no mans land circumstances? That is new metal in a new location not 650 metres underground.
4. Figure 4 in the recent announcement was not all that exciting - a smidge of nickel in an intrusion that had been drilled previously??? - I note that assays are still pending for some of this hole
5. Slow assays are not helping - is it possible to offer a premium fee to move promising cores up the list - to get some news out.
6. Baudin - earlier on Baudin was almost the star of the show - now it hardly ever cracks a mention - which is puzzling because there is a big parcel of privately held land there adjacent to what might be promising ground.

No investment advice here.