yes but very poor show directors n advisors

And really the ASX if on the ball should be asking Qs right now .... but ....

BOTH THOSE ANNOUNCEMENTS SHOULD HAVE BEEN MADE SIMULTANEOUSLY !!!

The time delay meant ordinary folk like me were part selling to pay for their rights conversions without full knowledge of what was happening. In todays e-trading there is NO excuse.

Explains the market action why it didnt FALL MORE on first release.

When I saw the second preopen so soon I almost fell off my seat sweating on the poss of a U-hit announcement cos sold one third on first release to fund the rest !!!

Really poor show bros. But guess we are big boys re these things hey?

Anyway, u gotta READ the body language as we go along or we miss the moves. As I previously specced, no way could any company have embarked on such a MEGA magnetite adventure without some pre handshakes already done.

Very clever structure so as not to be dilutionary to shareholders now on the cheap ... whilst dangling a carrot to the chinese ... and they DID nudge us in that thought at recent preso ... so have to give them 10 outa 10 for that and a failure for us inc me not listening and sticking to our guns.

Interesting possying next coming up during the renounceable rights trading but I aint letting go another unit cos the die is now cast.

AND lets not forget ROY U-work in progress is very close to THX's recent discovery and where TUC is now about to start drilling. We DO have a U-boom in the NT revving up if u havent yet noticed ...... and PDN are now CASHED UP and obviously sniffing all around. So close watch in direction of left field whilst putting chains on my remaining share possie !

Really kicking myself for selling a third early this morn ... but wasnt MY fault ... ! Hate it when u have to carefully manage yr portfolio according to set MO damn, cos global macros are so dicey atm it !

ROY is being fast derisked and on a rerate path once the issue dust settles. However the magnetite is a LONG TERM project we mustnt forget. My eyes to the U-work next.

There is still the unresolved matter of the SHINE DSO for mine as well tho.

TA-wise, "A-5" wave target hit to the cent ID. I would expect a broad a-b-c consolidation for the "B" next .... tho any thing positive on the U-front would blow that theory out of the water. Also note that if so, the "A" size was a COOL x 10, so longtermers can get a feel for whats likely ahead in the mid term (?)

IMBOOC