Ann: Company Update, page-32

I think the stock will drop tomorrow up to 25% , towards 0.06 as there was 40m shares traded before the trading halt and you would have to think a lot of it would of been short term traders playing it for 10% , or .1 turns that may need to get out to settle their broker accounts.

I also think if the delays were probably because they had hoped to be in a position to announce something , but are not quite there as yet.


Over the longer term if they can achieve either or even both of the points the update referred to you would expect a price rise as referred to in the announcement as material

I couldn't care less if it drops , in fact if it does go below .006 i will buy more as over the longer term it sounds positive

The key words for me , are various transactions , and material impact.  

"The Company is currently negotiating various transactions which, if completed, could have a material impact on the price of value of the Company’s shares'

The type of transactions appear to be a  Joint venture, and  or off take agreements

'preliminary discussions only with a number of different parties in relation to potential joint venture agreements or off take arrangements in respect of its lithium assets in Argentina.