Ann: WILDCAT DRILLING EXTENDS LEIA PEGMATITE TO 2KM, page-146

I would like to think positively like you, but at this stage there are lot of unknowns.

The simple reason being - all those selling in 60s may not be fools to know that they could have sold at 80s or even 90s easily and were happy to take 20 to 25% haircut.

Also volume. One of the reasons I had mentioned, when I exited, was that we lost volume. Instead of trading over 25m shares when we were rising, suddenly we dropped. Average came down to 10-15m. One indication of price weakening.

Last 2 days, we have got back the volume, 25 to 30m, but this time with price dropping. So not good from volume perspective.

Honestly, I will not feel comfortable till we regain mid 80s at least. But we were looking for a big gain just couple of days back playing in early 90s . A takeover type of deal - many were talking around 150 or so. That can still happen, but last 2 days trading has decreased that odds - probability wise, considering there are always some in the know.

Lets see, as I said, next few days could be very interesting, but also volatile. The positive aspect of this drop is WC8 had a few big drops before as well when playing between 20s to 40s, but it recovered. But this game looks like some big boys are playing. We don't know how they want to play this. I usually don't try to speculate, but follow price action. Lets see.