Ann: Maiden Australian Drill Program Successfully Completed, page-31

OK, I got a shock. Did some study and I'm not winging.

I closed up shop this morning at 12.00 with Inca up from 6.4c to 6.8c and all moves on my portfolios were green, and with S&P500 doing a dramatic somersault upwards overnight.

Happily took the bride for a lovely birthday lunch to Augellos Pizza Resturant - she had Wild Rocket and Pear Pizza, I had the Sandcrab Lasanne. Prosecco of course. https://augellos.com.au

I certainly took a pull when I checked the market later - what do I see?

I see a spike down! Is it a classic BUY opportunity?

I checked Course of Sales, a big sell off at the end on very light orders - has it been manipulated down or are those just the previous belongings of the weak spirited.
See for yourself !!!



Like many others I got hit hard on my OCs - again Course of Sales is informative, just one sale did the damage, and might have spread fright through all of Inca land.



BAM - That seller went straight from 3.5c to 1.3c - That's nuts! friends, Nuts!

My take on that sale is that the seller netted $6600 and threw away a half million stake of a fortune if assays come back >1g/t gold and a say .3% Cu over an interval of the mineralised intercept.
That could be called a 'discovery' or more likely be the prelude to a step out to discovery.

Memo to all - When you play the game at the explorer's end, you assess the Risk/Reward. When you buy you assume the RISK. You should only sell when you assess that the REWARD is no more.

IMO -
Evidence of reward from current drilling at Frewena is still good.
Expectation that the Majors are watching (maybe even talking) is excellent
Expectation of exploration success at JE is excellent. Allow for out-cropping veins and copper bearing rock, and extensive geophys in place.
Allow for future activity on MacCreek - again excellent daylighting mineralisation.
And there is also Dingo Ni. Ni is hotter than hot atm.

GL all, there are no guarantee - only trade on high risk what you can lose. Always stay cool. At Augellos the best pizza is Torino, the owner is Billy Moore (He was the guy who shouted QUEENSLANDER)

All in all - I had a good day.