I was keeping an eye on that 1million buy bid and thought that...

I was keeping an eye on that 1million buy bid and thought that someone was capping any increase at the same time....thus forcing anyone who wanted to sell any significant volume for their tax return to hit this trigger..


Seems it was placed too low...and has now given up...

Unfortunately for him/her there was still demand at the 5.4cent mark....and shareholders realise that it would be difficult to get back there shares in any significant volumes due to the low selling volumes available...

They would have had to sell cheap then buy at a dearer price..

I was able to obtain some volume at the 5.4mark over the past few days....in the expectation of a rally in July....

The 454p farmout must be due soon and the drilling program nearby ..plus poss Blackwood drilling timetable in July....should provide some hope for the long term holders....this is also a reason a big sell down did not take place IMO..