Ann: RC Drilling Commences at Paguanta, page-30

Yes, from the order queue it looks like we're set for a comprehensive line-wipe of the 0.6c line.

It's hard to understand exactly what's going on here... the low price makes interpretation difficult.

On the one hand the volumes are large. This could imply either repositioning by a significant holder, or a sharp shake of the tree designed to trigger nervous sellers or stop-loss selling.

On the other hand in dollar terms we're looking at loose change being traded. At this price it takes 17 million shares to make just $100,000! This size of trade only really makes sense at this very low price because of the minimum increment for an ASX order. If you can offload $100k worth at 0.6c you can pick the same number of shares at 0.5c for only $83k. Not a bad profit if you can make it happen!

We have no indication that the fundamentals of Golden Rim (or Zinc/Lead/Silver Rim) have changed significantly. We look set to gradually define a large resource, possibly very large, although there's nothing so far to indicate that the grades will be particularly rich.

The most significant burden on my sentiment is that we will need further funding to complete the feasibility report, and more funding again to develop the resource.