Ann: NORTH ARUNTA JV DRILLING COMPLETED, page-13

I've been thinking about yesterday's selling over and over, it's doing my nut in ...

What we know (which is bugger all) ...
1. all drilling is completed and rehab has started
2. first and second batches have been sent for fire assaying, so I believe they are only interested in looking for gold (fire assaying)
3. third batch yet to be sent
4. first results due in 1-2 weeks with the rest in Jan 2019
5. good historical results from 2004 (assuming they are genuine)

The 1st sell for 16mil units irks me a bit.
It was processed before the ann came out and I don't think it has any relation to the actual ann.

The big question on everyone's mind is, "Why sell 16mil units when initial results are just 1-2 weeks away."

Well there are many possibilities .... (we may never know)
1. needed the cash
     - but that looked like a complete sell out of holdings, wouldn't you keep a bit and wait for results
2. someone had a look at the cores and found out they have nothing
     - there has been very little 0.2c selling up to this point, is it just coincidence that the dump came on the same day as the ann
     - it could be someone from the assay office, gla management or friends there of
     - the only people that would know that an ann is being issued is gla or friends there of
     - the ann didn't give away anything, it would of been encouraging to see "visible gold" and a few pics
     - you have to complete the fire assay to know if it has gold, XRF only gives you an indication that gold may be present
3. someone died and the relatives sold the lot

If it is No. 2, then this has "insider trading" written all over it.

The assays from the first batch must be well advanced so there must be some results available, was the info leaked?
That is the first of three batches, is it that bad?
It's hard to imagine that with such good historical results, the drilling found nothing, assuming the historical results are genuine.

The first dump is what started the selling rot and the lemmings just followed.

Yesterday's selling (11 Dec 2018) ...
1st   15,920,000 units at 12:09
2nd       110,000 units at 12:20
3rd     2,666,667 units at 12:21
Announcement is issued at 13:38
4th   10,000,000 units at 15:42
5th     6,580,341 units at 15:50
6th          72,984 units at 15:56
7th     4,608,000 units at 15:57
8th     4,166,667 units at 16:10


any thoughts are welcome