Nearest to the pin by Xmas. Friday the 23rd of December No prize . Just bragging rights., page-139

A major consideration is what the general market does. Looking at the S&P price action this morning I expect a Santa Rally through until Christmas. Therefore the general market sentiment should help the LRS price. That means a slow appreciation of about 2 cents/week until the JORC is released. As I mentioned a few weeks back, I expect the JORC to be released mid to late December. The meeting on the 19 December complicates things. Would the managements proposed "pay increases" be better served by a pre-meeting or post meeting JORC release?. I dont know. Everything dependes on the substance of the JORC. I believe it may be better than expectations and if it is then the share price will ride a good wave (until it breaks). In conclusion, I think it will be a good JORC and the share price will rise to the mid 30's before slipping back.