Ann: GRE and ANX form copper-focussed Pilbara Base Metal Alliance, page-121

yes it looks like the rump of the drip feed algorithmic selling may have run its course this week at 3.5c. Hopefully a bit of stability (and commonsense) settling in. Yes selling at 6c and retaining options was a hedge against the project not going ahead. I, not having any options, never considered it. I can’t attribute much weighting to the idea of never getting funding, given the project economics, the people involved and copper outlook. These types of negotiations do take a while, with several parties, the tyranny of geographical distance, and the complexity of due diligence. I await a market update. I don’t think much stock will come out between here and 6c on a positive announcement. I don’t really care anyway, this is a strategic play over about a three year horizon. My new Bellevue….