Looks like some others agree with you Fiona. Buy side has gained...

Looks like some others agree with you Fiona. Buy side has gained momentum at these levels.

Would love to see some of the Directors increasing their holdings too.

Hate to think that Tectonics management has jumped in too soon to reduce the placement price. I thought they undersold it in the first place let alone reduce the price to 7 cents. Does not show much belief in their own project and exploration potential....just sends the wrong message.

In my mind tough luck if you agree to a placement at 8 cents and the share price drops back under the placement price. Its happend before to me more than once! (Maybe not overnight though!) But generally a placement at such a significant discount (at the time) does have the effect of pulling the share price back for a while. I am tending to agree with Billmacs position that Tectonic have been kind to their mates again at the expense of and devaluing other loyal shareholders positions

Although tragic world events over the last weeks and months are in the short term devestating to market confidence and result in some market disruptions. However, I will be surprised if we are not back to pre Japan ASX market levels in a few months.

The Japan disaster (as will QLD floods and NZ earthqake)will require a massive input of infrastructure capital which will be a stimulus to the their economies. It will create more debt which will have to be repaid by in the medium to long term as always via "monetary stimulus". So these are just more global events that will create further inflationary pressures. As long as demand for commodities remain reasonably strong, gold, silver and base metal prices should maintain real value against devalued currency. So gold and base metal prices if my very ignorant economic theory is correct should be good for Tectonic as the Phillips River Project moves forward.