Seems to me that every time an announcement comes out that isn't...

Seems to me that every time an announcement comes out that isn't securing of funding the price gets a beating!!!!!

Transport costs ate definitive now, the important stuff has been settled such as transport costs... Previously stated costs under mou were soft and could change, as it was exactly that - an understanding not legally binding.

I still think there is some investment switching where some long term holders are selling to fund Christmas, a new boat and throw some cash at new ventures. This sort of selling should dry up ( I hope).

One thing that did surprise me in the operational update was the stronger confidence in the language re funding-

My guess is that we will get an announcement on 150m of funding secured before Christmas on debt or strategic basis, then a 1 the balance- it is going to be drip fed.... Which may not be all that bad - who the hell would put 150 mil into the co, without having some degree of comfort that the balance to fund the project will come in a little later as needed. Without the second and third tranche the first lot will suffer!!!.

I still think a rights issue may be on the cards ( pure speculation with no basis of fact)...

Good luck all---- and we wait!!!!!!!