Ann: Pilbara Exploration Update, page-30

We'll get a pump in the price at the very least by mid December. I've never yet seen a penny stock where they didn't make sure that narrowly in-the- money options weren't exercised. They'd probably want the price to be above what it is now to ensure everyone converts their KAIOGs, considering how stupid a lot of sharemarket punters are.

Of course it all depends heavily on what the price of gold does. I'm encouraged by the fact that gold didn't fall completely out of bed during the recent Evergrande correction in markets, with a lot of money fleeing to 'safety'. When there's a bit of panic around in recent times this has seen liquidation of pretty much all assets including gold as people returned to cash. To me it indicates an underlying strength to bullion, which is logical because of years of 'quantitative easing'. If we can get through the October turbulence there is traditionally a Christmas rally and I wouldn't be surprised to see both gold and industrials perform strongly in the run up to the holiday period.