Not underestimating your views KL or anyone else's, but the action we were seeing yesterday was corporate in nature IMHO. We had a 1.2M crossing done earlier in the week and you don't see buy orders of the magnitude of 12M and 7.4M appear on the open market unless there "is something going on" behind the scenes. Plus JP Morgan increased their holding earlier in the week. Those bids yesterday were huge and urgent, the buyers no longer prepared to quietly accumulate or arrange for X trades through a broking house.
My feeling is a t/o while the sp is low enough or something huge from left field. If it is to do with production rates, resource update or drill hits you all have permission to kick the chick's rrrs.
btw, does anyone know for sure whether IGR is still in the JV with Barrick looking for another Olympic Dam around Oodnadatta? Had a 5 year tenure from 2006.
"AdelaideNow
Oodnadatta deal From: The Advertiser November 28, 2006 11:30PM
GOLD explorer Integra Mining has attracted a $3 million farm-in deal from Barrick Gold to assist evaluation of Integra's Oodnadatta copper-gold project.
An aeromagnetic and gravity survey identified the project as in the same Gawler Craton margin structure as Olympic Dam. Barrick will take a $1 million placement of Integra shares at 13c each to help fund WA's Aldiss-Randalls project."
Just rambling on a bit...we'll know Monday.
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