instos taking over , page-10

No Bitzer

Not at all!

The borrowings of Mums and Dads were based on an asset represented by copper in the ground at Rocklands.

The real value of the asset didn't actually change on the 18th August, 2010, the day the Consultants made monumental errors in judgment with their low-ball theoretical estimates. That is, they left out most of the high grade Native Copper, which for Rocklands is the jewel in the crown.

What changed were perceptions about the Resource. Perceptions based on poorly applied science in the first place, and then followed up by a massive "tree shaking" effort in the Market.

The blog has all of the trading details on the 18th August, 2010, and it appears that most of the trading hardly impacted the Register. It identifies the Brokers chiefly responsible for most of the wash trades too. What we now need are the Entities the Brokers were working for.

The same copper resource is now enabling the Company to place shares at $4.00 even though manipulative interests were able to push the share pice down to $1.68 in the days after the Resource announcement. The key here is that the amount of copper hasn't changed and power players have wanted in for most of 2011. Vanguard wanted in too back in 2010, and they got lucky at a $2.00 enty because of the deliberate turmoil that was created.

The problem wasn't that genuine investors sought to leverage into an emerging mine, but rather the ASX's JORC Code enabled the Resource to be shrouded in confusion leading to investors being seriously misinformed.

It also handed manipulators an opportunity to exploit the situation through manipulative wash trades.

Now stock manipulation is illegal from where I sit, and that is why I keep demanding Audits and Inspections, especially on the 18th August, 2010, to identify those responsible so that action can be taken. ASIC have not responded, as far as I know, to date.

chees,

Max