re: Ann: High grade drill results from Phoeni... good to see...

re: Ann: High grade drill results from Phoeni... good to see most of the shares at 12c have been bought up today, I think investors know a bargain when they see it, buying at 1c below the rights issue is a huge bargain.

buyers v sellers is looking better also.

I think it definately found a floor at 12c, if it was going to break down badly it would have done it already, gold price is AUD$1344.

A bounce in gold prices and this will be back above 15c in no time.