Very good point Bonies. The promotion before the fund raising...

Very good point Bonies.

The promotion before the fund raising (including the "pumping" on HC) were all part of setting the scene for the funding. While many ST'ers were also pulled in by the story, to pay what they now see as "too much" for their shares. The fact is that we long term holders were spared excessive dilution, and the company now has a war chest of $20 million, which will last a long time - no CR's in sight.

While it may be natural to be angry at getting caught in a retraction of SP, isn't that just part of the short term trading that seems to dominate parts of the Aussie share market. Thre are many stocks, EUC included, that stand out as a long term investment, to accumulate over time as the resource is built, rather than trade on a short term basis.

Those who take advantage of the current pricing will be the big winners if/when the potential here is turned into a viable commercial resource. Yes, there is an "if" involved, but the evidence is steadily building, and that is what the spec market is all about - judging the risk/reward factors.

The recent announcements tell a great story of the potential here. Plenty of visual evidence. The huge length of underground workings (already partly rehabilitated), are an amazing benefit to the exploration and development, and the EM has demonstarted that there is much more potential outside of the area previously mined.

Looking forward to the story unfolding.