trading activity of recent top 30 entrants, page-27

Many holders have been burnt by putting faith in theories with this stock.

I would have thought that a sensible approach for investors would be to follow the facts rather than theories that turn out to be fanciful.

We had the theory that the JORC was being delayed in a brilliant chess play to stave off those nasty corporate raiders. This delay lasted 4 years.

Those that believed the theory bet heavily on a big price increase once the JORC came out and lost heavily as a result.

The fact is that the JORC was a major disappointment.

With over 100 million shares traded after the JORC, no-one has come out with a new large position which tells us there is no lurking bidder ready to swoop as soon as the JORC comes out.

Logically, such a player would have used the volume to readily take a position.

There is the churn theory and the nugget theory and they all have the ability to take more dollars from those that wish to believe such propositions.

A lesson here for all players is to rate verifiable facts well ahead of wonderful theories.