re: News: Icon Tungsten production on track f... My thought was...

re: News: Icon Tungsten production on track f... My thought was that some of the investors of the previous cap raising would want out at prices similar to what they paid. III hasn't been at 15c levels since that cap raising, so these people were sitting on a loss. I've noticed a bit more 'nervousness' in the trading since that cap raising, but it may be my own perception playing up.

It is possible, I think, that shares in the 'sophisticated' pool sometimes get sold to investors who take on more volatility than they can handle. The previous cap raising was done on similar cashflow projections - the main difference now from where I'm sitting is that we are funded through to first production. Cash, I presume, will be reinvested in further development of the prospect in the first stages.

At some level, cashflow projections are just that - it's not cash in hand yet. I've topped up in the recent raising, and have now a reasonably significant holding. I'll be holding on for the next few years at least.