only way is up.., page-8

Hi rosy, not saying it won't reach that sp but imo it was very wishful thinking to have believed the sp would magically open back at that level after the TH. Pre TH usually gives you a very good indication as to how the market will react to whatever the contents are of the ann.

It should grind up from here. What we really need to keep in mind is the tremendous amount of stale holders, residual sellers and overhang. It doesn't get a lot worse imo. This (imo) will not represent "fair value" by crunching figures and expecting that sp (once calculating) will be where "you think" it should be.. someone else posted that those who bought at .006 will be sitting on a very healthy profit with just a couple of ticks back to .008. This will also put added pressure on the sp.

byron, you are quite emotional hey :), try not to look at it all the time, if you are in for the medium to long haul don't worry about hourly sp movements. The smart money is just getting set. This can appear to make things look worse than they actually are which forces others to panic and sell straight into their hands. If things go to plan and the drill hits what's expected then .035c should be about the mark imo. But, as mentioned above this will be difficult to achieve because of the severe overhang. If the market is convinced that there are no more hidden agenda's re the funding in the announcements then it may ease the selling pressure. Some of these residual sellers will need to be 100% convinced that the funding is what they say it is and the wheels are finally in motion.

Don't forget about the "churning" that goes on in market depth & price action also. If there are players with bags of shares at play then they can throw it around to decrease the sp making it look like it's selling off. It sometimes is not the case at all & as mentioned above, it forces weak hands to throw in the towel.