Sir KnightCobber!.....Based on the still 'known knowns', and the...

Sir Knight

Cobber!.....Based on the still 'known knowns', and the recent clarifications about costs, could it be that you are being a 'silly silly Sir Knight' in tossing the baby out with the bath water because of a lamentable share price, just as things are starting to get really interesting?

If Sun Tzu was watching he would be applauding the strategy of taking away the MD's two major strengths

1. A supposed bullet proof JORC - and boy was it seemingly taken away - but hey, the copper is still there and it can be mined more in keeping I suspect with the MPS optimistic case, and,

2. A strong supporter base.

Could it be that in creating market mayhem, mass confusion and debilitating real losses and sickening paper losses for most holders, the power base of the MD has been seriously eroded as demonstrated by your commentary of late.

And could it be that where once nothing under $10 as an offer would have attracted any interest, many will now be eager to just reclaim their money and to forego profits if necessary.

If so, then a predator has inflicted a telling body blow to the power base of management. A corporate move par excellence by any measure, even if it has been an ugly, deplorable dirty business that has drastically affected the lives of many genuine holders.

On the other hand, management is now attempting to de-risk the company and to ensure that mining profits will begin to flow as quickly as possible. In a sense the only thing to dispel all of the uncertainty now, will be the 'grades' from actual mining, and by default, the mining profits and dividends.

Pointers along the way will come from indications about the profitability of mining (which we now have), gaining a supportive corner stone investor (which it appears that we now have), a successful fund raising (stay tuned) and the usual preparations for mining, with the DFS to support funding, completion of the EIS, mining approval, mine construction etc.

The language of today's report also provides a strong clue as to what to expect going forward. To my mind, the following - Introduction of a new substantial global resources investor to rebalance and stabilize the share register - suggests that the new Investor won't be stopping with a smallish placement of just under 7% of the register.

Certainly the issue of 10 mill shares in itself doesn't do anything to stabilize the register. What if the intent was to take the holding up to say 19% with the company's approval? That would mean the on-market purchase of something like another 18 million shares.

Now Sir Knightster, before you crunch down on your next sour grape, give some thought to the fact that the combined holdings of the Top 30 Nominee Entities who consistently churn their stock, also amounts to around 18 million shares as per my post yesterday on the share register structure.

Do you think that the entities behind the anonymous Nominees Holdings may be a little more careful from here on, so that they don't churn themselves out of a significant asset at give away prices? Or will they be delighted to sell and cut and run because of an alleged dud resource? If the former, which way do you think the share price will run from here?

And if the resource is a dud, why would the company be putting it on display for the BIG power players to roll around the floor splitting their sides laughing? Maybe it isn't a dud. And maybe that NOW is the time for the power players to put their best foot forward or stand the chance of missing out on getting involved with a copper asset that their aggressive Business Plans urgently require.

Enjoy your sour grapes Sir but don't let the taste distort the still irresistible fundamentals of Rocklands. And don't let the sour grapes of other persuade you either, without doing your own thorough Due Diligence first.

Cheers
Nev