looking very sick

The share price has dipped below 30c for the first time since the start of 2009 and with very few buyers, looks like we might head lower. Maybe some of the investors from the recent placement are trying to cash out, difficult with no one wanting to buy. They had around $2million at the end of the quarter and raised about $2million from the placement so they have enough for another quarter or so but the rights issue at 36c has no chance with the current share price.

Dont know what it will take for a turn around in sentiment, there is a scoping study due out soon but then no news from Mt Forrest until the next drilling campaign which starts in July. Maybe when they release their Uranium exploration targets as it is hard to gauge a value on that project although im sure investors will be skeptical of their exploration targets following their DSO achievements.