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05/06/18
09:59
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Originally posted by Bundy
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"The Company would like to retract this statement in reference to the 150-200 million tonnes of measured resources as this statement is not in compliance with the JORC Code."
"The Company would like to retract this statement and the reference to a total resource of the Manono Project."
"The potential quantity and grade of the exploration target as stated, is conceptual in nature as there has been insufficient exploration to estimate a Mineral Resource and it is uncertain if further exploration will result in the estimation of a Mineral Resource."
Paid advertorials, Twitter pumping, gross exaggerations by management which they've had to retract.....this thing is a bloodbath in waiting. I predict this thing will go the way of MUS and deservedly so.
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Fairly much playing out as per my earlier post.
Now trading below the major Fib of the entire up leg. Can't get much more bearish than that. Might find a bottom at 9.8c next week or week after, but I still suspect this thing is having a near death experience.