Ann: QUARTERLY APPENDIX 5B CASHFLOW REPORT, page-51

The delay in producing the SE Study does not concern me at all. However, based on certain posts here over a period. it clearly concerns others. That could be a reason for off-loading, thereby exacerbating the situation.

The fear of a low CR could be the major factor behind the slow sell-off imo; giving up on management to deliver because of being perceived as incompetent could also be a factor.

It could also be the case that a broker is manoeuvring the price down for a CR, although the 8m sold the other day in one fell swoop indicates to me that the recent drop may not have been the result of manipulation.

I am still reading about reduced porphyries. The interesting one is Boddington south of Perth.