building..., page-39

I'm not saying it won't go up over time just that alot of evidence against that today ...

For example:-

a) the VWAP today is 14.07 ...so vast majority have gone through at 14c

b) Total Buyers Sellers remains negative even after the report released today

c) Technically looking negative..Descending Triangle. that pattern has not been broken yet. Also large downtrend line not broken.

d) Mcap currently at $84m @ 14c (undiluted) and did some say another cap raising in early dec... 13th ?.

e) General negative sentiment on market


So what will be the catalyst to drive this stock higher in the short term ... Perhaps on the positive side they may announce an acquisition of additioanl tenements in the Carajas region. Or perhaps a rapid general market reversal into bullish mode or maybe at best in few weeks the ann of visible mineralisation in drill core. But I would be expecting that given the grades thus far....Finally, Perhaps an increase in their Jorc.

So for today at least I say we have a poor response to the ann of start of drilling.