sure that or... - Sep 5 ann: samples from both drill holes, 1...

sure that or...

- Sep 5 ann: samples from both drill holes, 1 and 7, arrived in Perth. Hole 1 results to be announced “early next week” and those for hole 7 follow 5 days later
- Sep 12 ann1: hole 1 results posted pre-market, director sells 25M shares on & off market
- Sep 12 ann2: without explanation, a revised ann is posted with the following highlight “Manono exploration target upgraded to between 1Bt and 1.2Bt of between 1.25% and 1.5% Li2O” moved from 1st page to end of report
- Rest of week: cap of 10M+ shares in place
- Sep 16 after closing ann: disclosure of director’s sales

Hypothesis 1: regular ASX business. Even though both samples were in for analysis, it makes sense to put hole 7 on the shelf. Coincidence results were announced Tuesday (not Monday), coincidence ann was revised after director’s sales, and yet another coincidence that following director’s sales 14c cap was put in place.

Hypothesis 2: separate announcements b/c director intended to sell in between. Ann deliberately on Tuesday so disclosure of director’s sales could be postponed to after Friday’s close. Selling 15M shares following Tuesday’s ann (in first 2 hours given amazing 15.9c average) triggers scrutiny, so revise ann to make it look less exaggerated: exploration target moved to end of ann. 14c cap always planned to occur soon after director’s sales.

Each their choice...