i was wrong about the jorc, page-33

There is no response required from the ASX as it is clear that the JORC announcement means the company is being revalued by the market.

With regards to deep pockets and accumulation happening the facts are a bit different. Sellers outweighing buyers 4:1. Many are exciting positions and probably day traders and some investors who just can not believe what is happening throwing good money after bad hoping that a miracle will occur. The company will find it difficult to raise funds in the current climate and it is possible that it will go below latest estimates.

Like I said earlier, the Titanic took some time before all realised it was offer.

And swish cheese is swish cheese, do not blame the JORC system, that is the sytem in use and it works very well for many other companies.

Hope of a saviour in white armour is again hope same as the overseas option.

The best thing the company can do is do further drilling and upgrade the resource to a more palatable one.