drill samples closely guarded

Selling pressure is the result of some placement holders and some very anxious non-placement holders...fact 1.

Buying on the other hand is very suspicious indeed. My observation is some averaging is going on however volume over last few days resembles insider activity.

Let us ponder this scenario..... company issued approx. 6 million shares in first week of prospectus. One week later after drilling commenced, they issued approx. 8 million shares and then pulled the plug before the 15 million total was reached as some "traders" had latched on to the fact they could pick up stock at 12c ps.

Typically, as is the case with almost all prospectus issues, more are picked up early and less later if not fully subscribed. This was not the case with TAS. Some buyers interested in the placement failed to pick them up and so are in there buying at the moment on market... fact 2.

What is interesting to note above is the escalation in shares being picked up from placement post drilling in week 2 following propectus issuance.

Furthermore, drill samples from 1st hole are being very closely guarded. The only one's who will know first how good the samples are would be those that are currently testing them in the labs in Adelaide..... Now wouldn't it be nice if someone knew someone who worked there!

Remember...... all good things come to those who wait. TAS is the real deal.

JBriggs