Ann: Update on Heads of Agreements with Project JV Partners, page-14

From a technical perspective a day like today has been coming for a while. There was a bearish pattern forming and the SP has sat right on 7c support for several days now with no buyers until you got all the way down to 5.2c. It really didn't need more than a pinky shove to topple it over the edge and yesterday's ann was probably enough but it probably was only a matter of time anyway. Fundamentally I think TIG is an entirely different story and offers potentially multiple bags of future value. But technically it had run up very quickly from the low 2s and had a couple of cracks at 8c without any luck. Retesting this region was foregone in the absence of milestone news. I think it would be an extremely confidence boosting thing for punters if the 7c level could be reclaimed fairly quickly. If that can happen then punters may believe in it enough to take it up further to the next level....maybe 10 or 12c perhaps??