As a holder great to see such a strong JV partner and slightly disappointed price hit resistance and couldn't go on with it. Seeing that I sold about 30% of holdings into the spike but still hold about 1.5 mill.
That is massive volume though and suggests that given some positive news down the track the disappointed holders have been largely flushed out and more optimistic holders are on board which can only help the price in the future.
Worth understanding that effectively RIO have only committed $2mill to finding out whether it is worth exploring further. The fact they would even bother suggests they think there is realistic hope of going on for larger scale funding and JV etc. but that's a long way down the track.
Hopefully some brokers gets on board and the story spreads.
What the likely time frame on drilling results?
Cheers
hots
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