pay special attention ......... quality post

Hi Guys,

Please pay special attention to the post below from black bull.

I Enjoy all your posts black bull. You know your stuff. Quality post.

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Posted Posted: 22/02/11 10:25

Hello all,

As I read between the lines of the announcements released today. I get the impression that the Company has information to release but that the ASX has suggested this information not be released.

My intuition tells me they have enough info available to satisfy them to make this play but not quite enough at a standard necessary to release to the market in accordance with the JORC Code.

I would also suggest that the requirement to comply with LR 11.1.3 and Chapters 1 & 2 has more to do with the size of the transaction that a change in "activities". This gives me goosebumps as it indicates to em that this is a big play.

IMO this is still a good announcement and I look forward to seeing the next round of announcements.