Ann: Tabac Project- Intersection of Potential Cobalt Bearing Zone, page-66

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Platioti

1,950 Posts.

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03/05/17

13:37

Post #: 24440070
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Originally posted by ainsleym ↑

What I find very interesting is the chronology of events. On 26April, early morning, RIR announced they had just started to intersect the target zone. Price did not really move that day, but on the 27th and 28th we got the big dump. Now the anticipated Co mineralization commences soon after entering the target zone ( as todays core pictures show, based on the pink coluration). In other words, whilst the dump was occurring, the core was displaying the very positive physical characteristics . This suggests the dump was not based on any leak, probably just a sizeable dump that then triggered stop losses. The weekend then intervened, then Monday morning we get the TH. So, lets not read anything into the 2 day dump.
Now to todays announcement, its timing is very interesting. Its not as though the share price was going up while they were drilling through this pink mineralization, in fact, the contrary. So no leakage from the field that would have warranted a TH. Methinks it would only have been called if there was a very confident view that Co is there, and pre-empts any possible future leak until assays are done. All in all, I read all this as extremely positive.

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I have researched the BIG DUMP late last week via listing changes of the top 20 and I am informed by very good sources that there was 2 sellers who sold 5m shares each and neither of them have any connection to the company whatsoever, they are not known by the company. For whatever reason they just wanted out or needed money so it is tough titties for them - its their loss (and it is clearly a loss) - they were definitely not in the know about anything here, because if they were they would have held. Clearly there is no leakage on this ship which is a fair thing for all.

RIR Price at posting: 2.4¢ Sentiment: Buy Disclosure: Held
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