But this is what I am a bit concerned about. At the time of posting, 153m shares have changed hands today. Thats approx 4.7% of the SOI. Now that isn't cause for concern by itself, but if those shares end up in the hands of a controlling entity we could be in strife. Not suggesting anyone wants to buy us outright at this stage, but you got some big sharks circling us, MI6 and Tim Goyder looking across at our Niobium, DLI and Chris Ellison looking down across our Lithium Tenement (now with attached mining lease), and FMG looking down at our impressive continious tenement prospective for Manganese. No better time to buy a small control stake at bargan prices than when the lemmings collectively throw themselves over the cliff.
I'm not happy about the results today don't get me wrong. I am undecided on my opinion of the Lithium prospectivity. I have had a couple of doubts in the back of my mind in regards to the host mineral for some time and I was worried it might be Lepidite opposed to Spodumine. The core photos dont look like Lepidite to me but I am not a Geoligist either, so i'm not exactly qualified to give my opinion. I have a sample of Lepidite from Western Aus in my collection and it looks nothing like whats shown in the photos today. The Lithium soils testing shows this as being a hot spot for the stuff but if further testing shows it to be hosted in an uncooperative mineral form its not worth pursuing.
Certainly looks promising on other mineral fronts however, and the Niobium prospect is pretty exciting. As is the big old Copper gossan they havnt followed up on yet.
Yeah look I dunno. I think ill take a break away from HC and Westpac for a little while and come back on the weekend and reassess everything. GLTAH. OP.
RR1 Price at posting:
0.7¢ Sentiment: Hold Disclosure: Held
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