Ann: Pokali Drilling Results, West Arunta Project, page-95

What a debacle! Someone at RCR needs to take the fall for how they handled this Pokali assay release. Hopefully it is DL with the form he has and the negative opinions of him from most in market circles. I hope ASIC investigates them for what has just taken place!

The facts are that Pokali was never the main focus here for RCR, therefore if they actually released the Pokali results properly and ethically like most companies do, I doubt there would have even been a 15% drop. The way that some sort of assay related info was leaked from company representatives or potentially the lab has obviously contributed to a much larger drop than what should have happened. This is because there is now a lack of confidence in management and large distrust about how they operate. When that happens, the stop losses are triggered, fear takes hold and then you see 75M in volume change hands in 2 days and a combined 50% drop. Which is huge and unprecedented!

The crazy part about all this is that at 10c the market was pricing in Avalon and the latest new geophysical anomalies as having potential and prospectivity. Yet, nothing has changed in relation to these targets since. It is just the issue in relation to Pokali and managements very poor and unethical ways which has resulted in the share price crash. Avalon diamond drill hole would have only just finished, also drilling at our other targets are ongoing and assay results will be approx. 6 weeks away. Nothing has changed in relation to Avalon so IMO there are absolute bargains on offer right now at 5c to get in before results of the new targets are known.

Personally, I expect a decent share price recovery in the next month coming into Avalon and other target assay releases, likely 10c plus. At the end of the day we all understand the risks involved of any explorer, but the geophysical signature of Avalon is on par with Luni and the way ENR and WA1 have performed makes the upside here huge!! I actually wouldn't be surprised at all if this whole event was orchestrated by the institutions with managements help to drop the price, get in cheaper and enjoy another ride up into Avalon results in a months time. Very sus behaviour but we are all here for the future potential of these new targets, so I am clearly holding tight.