I think most new holders were expecting an announcement in...

I think most new holders were expecting an announcement in regards to Three rivers today and when coupled with the market coming off a 100 points they were quick to sell, the Hermes project has a lot of potential but I guess we need real results from the drilling. With all the hype around Sandfire the market is looking more for results from three rivers in the statement on the 18th sep, MH said:

“Our geologists have only just returned and we are still analysing all the data collected by them during their field visit. However, we are extremely encouraged by indications to date and will use these results to plan our accelerated drilling programs, which are expected to continue to the middle of December 2009.”

I think over the next couple weeks results will filter through and we can see $1, the key to the company is the tight reigster and low shares on issue, also no more cap raisings are planned because if all options are excercised $9 million will be raised.