funds are out

well there you have it. glad i waited today. nearly bought more at 52c but suspected there might be a bit of fund dumping yet to go.

about 2 million dumped in the after hours auction. thats got to be as sure as sign as any that certain holders needed to be out by today. this price action is just the rebalancing. i find it highly unlikely that negative information would leak out on the exact same day as the asx rebalancing. besides, if it were a leak, then insiders would be able to co-ordinate their selling over a longer period, rather than just ditch it all.

only worry is: it was obviously the funds and their co-ordinated buying moving the price up from its lows over the past few months. hope there is enough demand to keep things at these levels. but whatever, i'm in for the long term and we are just coming out of the orphan stage and into life as a producer.

i see todays price action as very positive as it more or less confirms the reasons behind the price action. i reckon we'll see some positive action monday morning!