Put bids in for 10,000 and 20,000 @ 28c for this today. Buying...

Put bids in for 10,000 and 20,000 @ 28c for this today. Buying against the chart which is a sell - except for some unconvincing divergence of the indicators. Only 6,623 shares filled. The day ended with a quite bullish candle, but let's see what happens over the next few days.

Against the harm to the price picture brought on by the general market malaise, the wallowing gold sector, credit contraction fears, and Opes Prime selling, punters needed an exciting Qtrly. The Qtrly disappointed with more boring news of steady development and none about mining high grade ore. There have been delays in the arrival of a drilling rig and in the commencement of the 'very deep hole' project. There was unexpected dilution of ore due to a split in the reef. Soon they'll have to do their next SPP at a discount to the already low price, as not much cash left.

No-one expects any excitement or tangible reassurance till at best the Sept Qtr, when the increased supply of electrical power and doubled work-force should gain traction. Meanwhile, with long-term price support broken and a downtrend in effect the punters are cutting losses and drifting off to the Oilers and Gassers. Plenty of excitement in those, and across the entire energy sector.

Personally I welcome those with reasoned negative views on this board, such as stratovarious, and whoever TOU'd the initial post, if that is what was done, is pathetic.