Jeez talk about stale all the ex GBGer's, how much did you guys sink?
1 - This one always gets me about bad management, plenty of people at this end of down do dusters. Twiggy stuffed up Anaconda Nickel and then went onto FMG...one investor who followed him turned $1m into $1bn
2 - Agree the volume was interesting but I think you'll find that it was probably a seed investor without escrow who was letting go and whoever was sitting back was expecting some of it to come out anyway. It wasn't unexpected and was always going to happen at some point. Volume was soaked and is still above the IPO price.
Concept is they have $10m in cash, drilling results due, elephant country and copper is in high demand.
Nobody is saying this is going on to become the next SFR, but will Ansteel be interested in a medium size copper deposit that they already have infrastructure in place...potentially.
Anyway everyone understands the risk involved in the small end, might not work out but risk v reward is there for most people by the looks.
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