another article today says 'Iron ore explorer AusQuest is eager to boost shareholder morale after its shares halved following the release of poor drilling results from its Nameless prospect on Monday.
On Tuesday executive director John Ashley thought the low share price made AusQuest a bargain and he snapped up 100,000 shares at 26.8c a piece.
Too bad. That failed to stem the fallout from heavy trading before the release of the disappointing drill results on Monday and the even deeper dive after the announcement. With many punting on joint venture partner Rio Tinto walking away, AusQuest shares closed 2.5c lower at 23.5c yesterday - a far cry from Friday's 58c.'
What happens if RIO doesnt walk away?
article, page-25
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