Ann: Clay-Hosted REE Discovery made at Ryan Prospect,Rand Project, page-9

It looks as though last month's buyers were hoping for something rather better from Rand and are now taking a loss to get out. The same thing happened late last year when there was some optimism about the Mt Clere sulphide drilling - that flopped. I think it's time for management to stop behaving like millionaire explorers with fingers in pies here there and everywhere and instead focus solely on the Mt Clere REE project. Forget rubidium, Rand and all the others. They're just wasting cash they haven't got to spare. They remind me a lot of another dog I got rid of - VMS. The only thing we can say is that we can get up to 47% of our loss here back in tax reduction.