trade the share price, page-29

annabelle

I don't suspect any nefarious pumping behind the price rise of yesterday and today. My guess is that the rise is due to the Eureka report by David Haselhurst.

Now I see I sold too early (which will bring pleasure to some). I have a feeling I shall be back.

I realise nobody can copy and paste Haselhurst's report, because that would breach copyright.

But I am curious to know whether he bases his recommendation on the original report of 15th March. Or does he refer to ASX induced corrections in the announcement of 19th March?. I.e. the announcement that acknowledges that free shares do not get First Mongolian the necessary spread for an ASX listing, and that First Mongolian will come cap in hand for $2,000 from GCN holders of their free shares.

As I understand things GCN holders don't have to pay, but unless enough do there would presusmably be no listing of First Australian. A bit of an agonising decision - to pay or not to pay, that is the question.