production , page-6

I think what Wizard is refering to is the recent sale of 2mil shares by Mr Hartz in order to exercise over 2Mil options @ 25c.

I wonder who he transfered them to as it was the spike in volume around the 6th of May. Well that's my guess anyway.

There are plenty of people who could be selling down. Alto Capital, Linq resource Fund, Mr Hartz, Mr Robertson...

Commodities is having a rough time at the moment. But take comfort in this chart....someone ( imo ) has been buying up and any weakness.

The sp has fallen from 52c down to where we are today but accumulation has been stable. I take this as a positive. Might be an opportunistic buy at 32c but looking for the sp to jump above the 21 day MA and break its down trend before confirmation of a reversal. I bet its news of mining to begin which will do it.

Just my thoughts. I too can't see why the sp would be in decline when mining is almost underway.