knee 'jerk' reaction, page-7

I haven't followed the EKA timetable (not invested) but wasn't the share price held back by similar concerns? Perhaps it still is to some degree but it's 25% up.

On the one hand, we have a group of shareholders who are crying because they were denied the opportunity of buying an additional 15% holding at 25cents - why not buy an additional 12% at 30 cents? Do 5 or 10 cents make that much difference to the prospective profit having regard to the potential target prices - Hartleys talking about over 150 cents (don't know if they diluted their previous prospective price and don't particularly care).

On the other hand we have bullish investors who are looking at 6 -12 months time and who are in buying mode and are seeing the project de-risked on every news release and are hovering to hoover up.

This is all nonsense. The share price is decoupled from the emerging fundamentals.

Both sets are saying that they've got cash to invest and they're playing a game of 'chicken'.

Me - I'm maxed out, as OGG put it. I'm budgeting for a 6-12 months hold. I piled in last summer and again after the farm out announcement.

But carry on, by all means. These news announcements can come at any time. If both camps are talking their position, there's a wall of money waiting to be spent.

Who will hold out longest? Have fun! Enjoy!