june act and cash flow out, page-25

Shareprice was massaged at the close to 28.5 by 2188 extra asks exactly. Very lucky for some. Wish I got the extra half cent discount now :(

The tick of approval is the recent placement at that price. They would have had to do some convincing that 29 cents offered a margin of safety for the sophisticates and institutionalised.

Additionally there was quite a solid reversal at that SP suggesting support on the two first trading days of the cap raise, and support held again when the newly issued stock traded around the 23/7. Can't be too much stock left that was issued for 29 cents, as dilution was only about 10%, and not all will be short term sellers. I am buying because I believe the stock is back at this price due to the weakest hands from the placement seeing the weak June q production and cost per oz that we already know about.

Who knows what will happen short term? Good luck to all!