Thanks, BM. I presume then that he was working in the area at...

Thanks, BM. I presume then that he was working in the area at the time and heard of the drilling results, which the company will likely reveal next week. It'd obviously be very handy to obtain such information before the average punter if the results were good - but in that case of course the company would waste no time in putting out an announcement.

Pretty sad trading day for us. Goodness knows what has caused the latest reversal; it's certainly not the general market conditions. I wouldn't have thought the majority of sellers were short term traders who bought late last year at 19.5/20c either. My guess is they are longer term holders who are fed up with the apparent slow progress while blue chips continue to rise.

The company has intimated that DSO Fe could begin shipment in first half 2013. I wonder if that's still a possibility? If all approvals were issued tomorrow, does anyone have any idea how long it would take to get the ball rolling? I gather little construction would be required onsite but nevertheless imagine it would take several months.

Funny, isn't it; a year ago production was even further away, the all ords was no higher than now, but the VMS SP is way lower. All I can think is that punters have become that much more canny, and now want proof of a winner before risking their hard-earned, especially when bluechips like bank shares and CSL have risen like rockets in that timeframe.

As usual, I live in hope...