Ann: Macy Scoping Study Update, page-310

I agree with that and pointed out previously that I think a majority of that selling or 'flipping' would likely have finished, it was possible for a while to sell heads (even below 3c), knowing the oppies were trading well to allow them to exit with a profit. Just pointing out that due to the rise of late, perceived resistence on the chart and knowing that a CR took place at this price that we may see selling pressure, simply from those expecting selling pressure. If this turns out to be correct, perhaps we saw most of them scooped up today. I think that once we break 3c for good that there will be serious buying pressure chasing this to 4c quickly once the 3c barrier becomes clearly hurdled.


As a side note, Tim is presenting tomorrow at the Nigeria Mining week (that starts today). I'm not expecting much to come of it soon (eg shareprice related), but conferences such as this allow networking and discussions to take place. We know the company has mentioned the potential for acquisitions in the past. Always good to get your name and brand out there and liaise with government officials and members of prospective opportunities, especially if you are making serious progress.