guess on the sp and volume increase

Over the past week or so we have seen a rise in the SP from 10c on 20th Feb to 15c today.

Buying has been off-market and taken straight off depth in most cases - no waiting around in bid depth for an occasional seller in ever larger sizes.

This would suggest to me someone knows something.

We are expecting assays from the drilling at Woolwich any day now, it is logical to assume that a whole chain of people from the drill rig operators to assay lab staff and all the peoplee in between will also know this "something"

There are only 30 mln shares in in issue and someone has been buying in large chomps.

After re-reading the ANN of 12th Jan, Woolwich has the potential to be huge ... which I guess those assays we are awaiting will confirm.

Don't forget there is a lot of support from the S.A government to boost the indigenous steel industry - MWN could be on the verge of cementing its place in the country's iron ore infrastructure and if recent buying is anything to go by you can change could to is.

EB