Ann: Whitewash South Drilling Hole 95D , page-13

I took profits today...

Whilst I like the prospect, I feel a little uncomfortable with some of the language used in the announcement and have concerns the ASX my well force a re-issue of the anouncement.

If it happens, the market will not like it.

I am still interested in this stock though...and will buy back in a little lower...or higher...in a few days, once it is clear they have got away with the announcement.

Strictly speaking, the results are good, but the following quote concerns me...

"The presence of at least four (4) different valuable minerals, in potentially economic grades, increases the importance of Whitewash South"

They cannot use the term "economic grades" in any context here, according to JORC, as such I would not be surprised to see the ASX pull them up on it...frankly, I was surprised they even got it out to the market!

wen I saw this, I sold...it was the only reason.

I will watch on for a re-entry...when the coast is clear...and it appears they will not be pulled up on it.

Clearly someone tried to launch this today, but it failed to launch...so care is warranted given it could not forge ahead through recent highs.

With the corporate incentive to keep it chugging along though, I cannot see a reason for the stock falling much...at least not till the end of the month, after which they will need something to keep the markets interest going.

I assume the drilling program will fill this void?

Cheers!