Ann: West Arunta Project - Luni Assay Results, page-152

Whoever went short on Friday is probably increasing their shorts today. Just seem to show in the pattern of trading. Between 11.17 and 11.26 this morning, a little bit of buy strength came back and the SP moved up $1 in those 9 minutes, with sellers backing off.

Once the buying was over, after a few minute delay there was a couple of big sell orders driving the price back down. Not the type of action of people looking to sell at a high price, much more those waiting for a lack of buyers to attack to the downside.

I'm wondering what the 'story' will be for the lower price after fantastic results today. If we read in the press tomorrow morning about the high expense of processing plant or high levels of Th and U that were in one sample etc, then it's a definite coordinated attack for T/O or just expecting general weakness as some (regal?) take profits before EOFY...

I better shake up a few pennies from various sources, we might be getting a bigger bargain sometime soon, or maybe only today. If they can push this to $17-18, that will be good enough for me, as it's bargain time again...