Ann: Renard Project Update, page-36

When they are arranging CFTF wouldn't they also have to line up takers for the bulk sell-on shares at the same time, in which case a range of people would be aware of the upcoming CR announcement a couple of weeks before it appeared? Brokers such as Argonaut would certainly have ears on the ground in many places. It's a pity the CR wasn't achieved a bit higher but even if it was I think we'd have still been down where we are now. Look at PMT. They got a big CFTF CR through a few weeks earlier, at a decent price, and additionally got a heap of decent assays out afterwards as well. Neither was able to stop their SP from being caned, though of course they were probably a fair bit overpriced and due for a correction more in line with peers.