Ann: Mahenge North Graphite Tanzania Corporate Update, page-29

People have short memories! There is a very simple reason for the retreat in share price and was always going to happen. I placed an order at 0.4c on Monday as I knew this was going to happen this week.

The recent capital raising and share placement is the reason. Capital raising was at 0.3c and so it was always going to retreat to at least 0.4c with investors selling for a quick profit after taking up the capital raising. This is from the recent announcement on July 23 .......'The shares subject to this placement are expected to be allotted the week beginning 28 July 2014.'

I have been watching on the sidelines and waiting for an entry point in recent weeks ..... hopefully that will come off tomorrow! Even if it did touch 0.3c, this level should be a strong support level.