Ann: Arganara Phase 3 Phosphate Drilling Commence, page-11

re: Ann: Arganara Phase 3 Phosphate Drilling ... Frustration is only to be expected when the company delivered a major high grade phosphate discovery and the share price drops about 30%. RUM ran from 4c to 70c on the same discovery and NUP falls from 4.5c to 3c with the same discovery. Clearly the market didnt see what NUP has discovered and this says the market needs these things spelled out in very simple terms. All the announcement were "Explorations Results", not once did they tell the market about a phosphate discovery let alone a HIGH GRADE PHOSPHATE DISCOVERY which is what they have.

Anyone can research how RUM promoted their discovery and their announcements had headings that reflected the situation which was high grade phospate being discovered. Clearly we have 2 similar situations with one company going from 4c to 70c and the other going from 4.5c back to 3c. Why is that??? Its clear when you compare both companies and see how the news was delivered, the results are clear as day, RUM delivered the news well and NUP failed completely and paid a heavy price as did us shareholders.

The average punter in the market wouldnt know high grade from low grade snot, the average punter needs to be told if its high grade, the average punter wouldnt have a clue looking at exploration results.

As a result shareholders are annoyed from the poor execution of fantastic results which translated into a falling share price, its that simple.

Looking forward the phase 3 program like 1 and 2 is a very well designed program that will give maximum bang for our bucks. The company is doing a great job with the resources they have no doubt, they just need to tell the market that they have a very large high grade discovery which is simply stating the truth. If they continue with the Exploration Results headings as in the past the good results will simply fly under the radar until the JORC is delivered, the JORC should grab the markets attention, i just hope that they dont put the maiden JORC in a quaterly report.

One poster frustrated on hotcopper isnt going to slash 30% of NUPs market cap, NUP dropped 30% due to a lack of news flow, simple as that.