time to join you on the stripey zebra train, page-30

I read the report very slowly & very happy with it!

Advancing behind the scenes....with water,power, infill drilling, hyena,higher grades, mining licence....etc. etc.

I agree with eastcliff, that until interest is made from a 'major' to buy in , or takeover, or joint venture etc. the sp is in the current trading range ...$1 ---$1.50 ish

Dattels (polo)& co. buying in was a positive & they now have a director on the Board to be invoved with decisions.

However, the sp is very much controlled by the 'small cap.'trading brokers . These are not the larger cap. brokers.

The big money from super funds is used /traded on the stocks in the S&P top 100 & top 200 companies.(where Extract is now) ...& the likes of bmn acb & others is in the small cap. group.....where brokers use the robots to place automatic trades. coz they ( trading desk staff)are too busy dealing & reading quarterly financial reports on bhp.rio, all the banks, industrials etc.

Thats why 2 years ago, as the top 200 were peaking ; the small cap companies finally got priority & were enjoying a rally.
The uranium sector was flying up on the spot price increase.
Even primary small gold explorers were changing names & spinning off ( floating) another company to put 'uranium' into their activities.....I remember a hired helicopter flying over a new lease in south australia with a geo. holding a geiger counter out the window which got strong readings & next day sp went up 50%....then it was announced & found out that his watch luminous dial was too close !!! ....hehehehe...( maybe on purpose)

Then there's the gold mine owner at kalgoorlie that put gold dust into shotgun cartridges & 'peppered' the mine's walls .... the assay grade trebled(overnite) & he sold out for millions. hehehe!
Remember 'Poseidon nickel'( 30 odd years ago)....50 cents to $175 in 6 months...& then back again....West australia has a colorful history like the wild west.
Usually owners/directors in these ('penny 'dreadfuls) are somewhat dubious & opportunists preying on gullible new investors .

This time around from over a hundred uranium explorers on asx, only the ones with proven resources will move up....the others are /will be ignored.
In these early days of a stock market recovery, its the larger cap.financials(banks ,insurance etc& resources) that get taken up first ....Smaller caps & (speckies) have to wait their turn.
Also as most brokers use credit facilties (overdraft) to fund trades the impending bank rate increase will dampen stock trading across the board.

The days are gone for 15 to 25 % sp spikes from a drilling announcement.The brokers will not let you make money like that anymore. ......nevertheless as soon as you sell out ....the sp will move away from you....All those that hang in will be rewarded IMO

Personally, I am more confident nowadays that bmn are determined to build a mine & IMO the spot price will increase above the long term price in the future

The company now have the expertise on board to sort out any probs.with building a mine & operating it long term.




havvagoodweegend cj.....