a putrid smell is emanating from the jungle

1. 1 for 1 renouncable issue at 1.1c in May.

2. Shareholder takeup was $1.31m with, and you guessed it, a shortfall of $4.53m.

3. Kennedy and Wills own 28m shares and 8m options bewteen them.

4. Top 20 only holds under 24%. 750m vol already.

Beautifully ochestrated how they commission a firm to state that after many years of truly unsuccessful diamond hunting - all of a sudden they may have close to one third of what FMG have in iron ore. LOL The "real" journalists could have a field day on this one. The press may well view this very unfavourably.

However, I love the market, it is my living and the theatre of how people get sucked in spurred on by greed and momentum, but luck to all. I made money too, but how some truly believe this one, only makes me think perhaps we have reached the top.

Always take profits in these IMO - always - you can always come back to it if need be. You'll never sell on the top, but at least you aren't buying on the top. LOL Pro - daytraders (of which I am predominantly not, although I have a dablle now and again) always take profits.

It may look great now, but by the end of the year, it won't.

A 325-390 million tonnes target? A disgrace.

My opinion.