Guys, you’re being baited. The reason YML pushed up so hard on...

Guys, you’re being baited. The reason YML pushed up so hard on Monday and Tuesday this week is purely because of the article in Monday’s Australian. Day traders who trawl through the mining pages hit on an article and take a punt that a few other punters will buy on the strength of that article. After a couple of days, they then dump the stock and move on to something else. This happened to YML last year when it spiked to 84cents when there was an article in the Age about Wayne Richards joining the company and how Marillana had huge potential. After a days run, it gave back most of the gains. This is an action replay. Don’t fret.

The fundamentals of the company and its assets are strong and the share price will move up well above its current position once a JORC is released that confirms at least 40 MT. The only ones being burnt at the moment are the day traders who jumped on board too late. The reasons why you bought into the company are still there.

Read through the stock forums and see how many have jumped on board without any f#$%ing idea of what YML has to offer. So many display a complete ignorance of the company and seem to not have the ability to read the annual report to even figure out something simple like when the JORC is due.