spifire drilling results, page-8

SPI has been sold down way in excess of its fundamentals due to an institutional seller that came in the IPO dumping its stock. GLG was caught up in the Lehman Brothers fiasco last year and has been steadily unloading over the last three months to the point where there is about 1.5m left to go> I dont see any more large blocks after that as the insiders and management have been adding and there is genuine interest in these manganese drill results.

SRR has had a fantastic run in the last month and today with the OM Holding news it had a crazy pop - SPI is lagging due to the GLG situation which is going to be absorbed by the market soon and I can see it doing the same. The fundamentals of SPI are a lot more advanced than SRR as well, as SRR is just at channel sample and grab sample stage. SPI has had two drill programs already at Woodie Woodie and this third one has the chance of starting to add resource tonnes and put it on the footing to be a target of Consmin.