announcement, page-13

RDS is a leaky ship. We even have people on here talking up results before they come out claiming to have been told directly by management. As a result there is always a big "buy up" in the lead up to the announcement and then a dump into the announcement. The old "buy on rumour sell on fact" approach is rife with RDS.

Another reason for the drop after the announcement is simply the lull between news. Post this announcement there isn't a lot of impending news so those that bought the rumour have sold out.

That said, the announcement itself was of interest. Evidence of nickel and cobalt sulphides is "interesting" but until there is evidence of it in economic grades/widths its nothing more than a curiosity.

The drilling hasn't provided any substantial increases in tonnages over what we already knew/suspected which is a little disappointing, but its early days. The most recent result (new copper zone) is incomplete (ended in mineralisation) so is too uncertain.

All in all the announcements just point out that we need more drillin'

So RDS needs to get movin' and get some drill rigs out there.

As an aside, the drilling on the IOCG targets by the JV partner that started a month or so ago has not created any sounds at all.