Ann: Fully Gas Saturated Coals, page-584

Some think that the recent strength in Elixirs share price is FOMO on good Nomgon 2 results by local investors. This may be true for a few but does not explain why so much capital has driven the price from 2 cents to 8 cents in 2-3 months. Binary (outcome) investments are not usually so popular - the odds are not that good. There is more to it meets the eye.

The more I think about it the more it seems that it is sophisticated Mongolian investors who may be close to the action who have been accumulating since the capital raise at .02 cents. We’ve all wondered why the volumes have been modest but unwaveringly consistent. This is accumulation - but stealthy accumulation. Australian investors normally pour into stocks in droves and the inflow/outflow volumes are in the millions and the stock usually tops the most discussed stock list. This has not been the case with Elixir. The buying patterns are foreign and exotic.

This is really very good news for the few traders/investors who have got in under 10 cents because the mainstream Australian investment community is still to discover us. Imagine what will happen to the share price next week and beyond when they do.