Hi Vince You are completly right our results from the latest...

Hi Vince

You are completly right our results from the latest quarterly where much better than most other asx listed coking coal companies and was still on par with the average seam widths. The problem with why the stock is slipping is due to the constant selling by someone with a large amount of shares. For example the drop kick with 500k at 53c, stock is also being shorted but only a small volume.

I have been contemplating the reasons why we have heavy selling erroding the share price. One of the these problems is poor buying support, this a big problem as it makes the stock a target for shorters, but it is very hard to obtain stock to short with. The problem is also effected by the wider weak eqiuty markets keeping buyers from entering the market.

This company has the right mix and is serouse about progressing to production which i believe can be seen by their recent additions to management. Mr Read specialises in coal washing plants, coal operation and many other essential skills that are needed to bring Ovoot to production. Why would they hirer such a person if the scoping studies are not progressing well??

We just need a good update to break the stock out of this downward trend and back into fare value for this company and its assets. GL to all holders

GB