nameless was a good prospect...unfortunately, when a company...

nameless was a good prospect...unfortunately, when a company runs up in anticipation of a drill, it comes RIGHT back down when those drill results turn out to be 'below' market expectations...

Just look at OEX last year for example...20c to $1...then all the way back after exploration was a cropper.

The risk of investing in an exploration company.

The iron ore grades were ok but not spectacualr, worse contaminants were extremely high...doubt RIO will be interested anymore...in nameless anyway.

I was almost caught...luckily for me, I had to fund another opportunity so had to sell my shares last week.

Will be interesting to watch IGO now...they are currently drilling a priority iron ore target at goldsworth that has big ticket on it...the reaction of IGO will be interesting if their results also come in 'below market expectations'.

I am now watching AQD for one of those ridiculous bottoms that sometimes provide excellent value...tax loss selling now, so i think it has further down to go personally.

Cdchi1