Ann: Assays Confirm High Grade Copper Intersectio, page-21

re: Ann: Assays Confirm High Grade Copper Int... ENR generally trades on a shoe-string with little liquidity. Most buyers come off screen - some buyers will know this and wait for any hot money to panic. That being said, the odd 25K seller that has hung around for some months may be from the same holder. The visual market depth tends to mean little. Some punters will think 1.1, the 2011 high, is some type of resistance. A further drilling update looks likely in 2 -3 weeks unless they have the visuals of a HGZ - some won't have patience. The last placement was completed at 80c - those that did participate are up 34% odd.