re: Ann: Response to ASX Query re Continuous ... Tailenders....

re: Ann: Response to ASX Query re Continuous ... Tailenders.

PURE SPECULATION: Robin Bromby | September 07, 2009
Article from: The Australian

* SO what's with the Former Yugoslav Republic of Macedonia all of a sudden? So far as we know, no Australia explorer has ever ventured there, but first last week we had news that Whinnen Resources (WWW) was acquiring a 60 per cent stake in a polymetallic (gold, zinc, lead and copper) project there just south of the Serbian border. Then we received a prospectus for Genesis Resources (GES when listed), a $3m IPO that, apart from projects here, wants to look for copper and gold in Macedonia.

* BREAKING the market bleakness last January was Richmond Mining (RHM), which sent out a very bullish letter to shareholders saying there would none of that battening-down-the-hatches nonsense for them, thank you very much. Last week's report on assays from the Loongana nickel project was far more subdued, but they are keeping a brave face. Even though no anomalous nickel was intersected in the first two holes, the company remains confident of finding some.

* WE can't finish without reference to the extraordinary coincidence surrounding China Copper Yunnan Australia (CYU). On Monday, one of our competitors looked at CYU, found no trace of a blemish, and described it in the most laudatory terms. The shares went from 17.5c to 28.5c on this report. The next day CYU announced a rights issue at 15c, a much more attractive offer with shares at 28.5c. If that's not serendipity, we don't know what is.