re: high of 8.8c today close 8.2c The buying on ANL in my view...

re: high of 8.8c today close 8.2c The buying on ANL in my view is due to the market anticipating a great quarterly result. Last quarter had the shutdown which allowed for continued optimisation and upgrade of the plant.

A good production result in my view would see positive operating cashflows of around $20 million AUD. Factor into this minimal debt and a dream second stage hearing coming up Re: Fluer arbitration (as they supposedly have no counter claim) and one can start to see that perhaps the laterite revolution has arrived. Certainly very late off the block but it will spell good news to all laterite juniors.

The huge buying to me seems to indicate 3% creep in action. Not much stock for sale. Im sure MP will hang around for a while, which means basically the only stock for sale would be the lot the ASIC offloaded recently to institutions. Some probably are taking a quick profit rather than hanging around.