selling & announcement

Firstly i would say that a few of you need to take a chill pill and stop worrying about the fact that the stock did not jump up massively after todays announcement as many of you were expecting.

Too many people view the stock market as some sort of short term casino. As was the case with artemis when many on HC were getting irrationally exuberant about the REE deposit potential. This company is a long term play !

The company recently completed a capital raising issuing around 100M shares at $0.055.

Many of those investors would want to take a profit when the opportunity presents itself. Selling out @ $0.07 will deliver 27% profit on the take up price of $0.055. Now that is a bloody good profit to achieve in a little over a 1 month time period. Especially in the uncertain economic times in which we live.

The only way that a large investor can do this is when sufficient buying demand has built up. This will usually occur after a good announcement such as we have seen this morning. They have to take opportunities like this to unload. Trying to do so any other time would result in a massive drop in the share price !

Secondly the announcement was GOOD ! Good grades,good intersection lengths and still open in all directions.

Each hole they have put down has come up with more copper , silver and gold. Drilling to define this deposit still has quite some way to go.

Expect the selling to continue as more good drilling results are released to the market. The share price will only make a solid base and move forward when those large holders that wish to take profits have done so.

Those of you who are nervous or frustrated about the current share price performance hang in there. Dont let short term movements spook you into selling.