very unusual

You must admit that trading over the past two days has been very unusual.

Yesterday started with a mad rush with bullish news/trades pushing the sp to 16.5c with one million shares traded during the first hour.We then saw botts at work keeping the lid on any major breakout.After trading just over 15c for most of the day the sp was pushed down to 14.5c.

Was it a good day for new investors to take a position, existing shareholders to top up or average down,traders to wheel and deal or a planned exit by top holders or those in the know?

The anticipated announcement re the BFS and a possible DRA placement at 30c or other premium as many suggested did not eventuate. What we did get was a late hour rumour of a takeover or partial takeover at a very low price.Because of the Landau reported visit in China expectations of a Chinese move was cast.

Today we waited to see what activity would take place. Would there be another mad rush to push the sp back up beyond yesterday's high or was the dumping incomplete?

Well the low volume of only 294,000 shares and a firm sp gave us no clue of what is to come.

However this we do know as others have shared on this forum:

1. A BFS is expected any day.
2. News re the Mining Right being officially processed cannot be too far away.
3. An update on the JV negotiations is due.
4. News re the Anglo/ARM dispute cannot just disappear.

The $2billion resource covering Garatau and Tubatse is worth close to $3 per share once in production. It has not disappeared. Still in the ground.

The waiting game for us long term holders continues.