much of the selling yesterday stemmed from a presumption of o/s markets tanking overnight and it's logical to assume that some trading stock was shed with the thought of sliding it back in at lower levels......the dow rallied almost 90 points in the last half hour and those whom sold in the high to mid 9's would be prepared to pay up to get them back so make them.
the market has woken up to the fact that zh is much larger than previously thought and is now giving much credence to the other anomalies detected by the ip survey.....one would assume that things will get very interesting when the rest of the rigs get back.
cougar has the rigs, assay capability, ip survey for guidance and production facilities to pepper their ground without dilution whislt still making a profit, can this be found anywhere else on the asx?
good day to all.
CGM Price at posting:
9.0¢ Sentiment: LT Buy Disclosure: Held