DEV (ASX) Ann: $7.97M share placement for expanded Exploration

Originally posted by tretchikoff: ↑

This buying is more than any broker manipulating the share price, they don't care about their clients making a stag profit or not, they have already made their percentage.

Across DEV in particular (perhaps being the cheapest) but also LTR and CHN we have seen new highs and solid accumulation all at the same time in the past couple of days.

Coincidence? If you believe that you believe in the tooth fairy.

Come on we have to think big here not like small investors (even if we are).

We need to stay alert and understand why this is happening its no time for back slapping, this is fluid, potentially risky and has more to go IMO.

So whats driving the Bus? CHN is driving the bus, it has been for a while.

And half of Perth and Im sure a good bit of the East coast wants to be on Tims Bus too, if not the CHN bus then the next Goyder bus cheaper tickets welcome.

As soon as CHN gets near or over $9 things go nuts because everyone knows after $9 comes $10 then the gloves are off, you are entering serious mining company territory.

So FACT, this buying is PGE zone centric

AND its Goyder centric.

None of the others in the central semi established PGE zone (which is the central and northern wheat belt of WA) have been hit by this rise.

Only the Goyder companies. (there have been one or two other tiddlers move on company specific news but nothing like the wave of buying that the Goyder three have seen).

So BIG fact, Standard and Poors meet very soon and in goes CHN in the ASX200.

Then funds MUST buy it. That is correct MUST buy.

The big end of town know this and they know what it will do for CHNs share price.....

LTR will be next cab off the rank in the Goyder stable in the ASX200 (as its based onMC) but thats down the track.

So I have no idea if the Harry (BELL) Potter SI Investors will sell, chances are some will some won't.

But the big end of town know about Goyder companies and they are buying anything he's involved in.

CHN will pass $10 very soon, LTR will keep going and we will pass LTRs rising share price at some point, thats my call (remember we only have 20% of the shares on issue of them).

These are my scattered thoughts on the issue....some of which are quite possibly near the truth and a few may be miles off the mark.

But there are some good nearology stocks that have had little or no love during our latest rise, this to me says the big ends of town is buying more than PGE stocks they are specifically looking for the Goyder blessing on the back of CHNs success.

CPN and LSA have a defacto blessing so they have seen some decent rises too and ofcourse CPN has sexy drill core pics.

I get the feeling Bell Potter SIs will be mainly sticky. I think they think we are onto something at Sovereign Hill....but that is just speculation.

Keep in back of mind it is not uncommon for results or news to coincidentally drop around the time any Cap Raise is completed.

Anyway with the kind of interest Goyder stocks are showing I think any selling should be quickly gobbled up.

Remember this is not just DEV, its ALL Goyder stocks are super hot, we have not seen this before, not like this....

Expand

Can we get sexy drill core pics as the centre fold in the Annual Report? Please?

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(20min delay)
Last 31.5¢		Change 0.015(5.00%)		Mkt cap ! $138.9M

Open	High	Low	Value	Volume
29.5¢	31.5¢	29.5¢	$197.1K	645.8K

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