Will probably drop more in coming days IMO. Overall sentiment...

Will probably drop more in coming days IMO. Overall sentiment has turned against this baby. Look what happened to CDU once they lost the markets trust.

For those willing to hang on I would be asking management why they are not doing anything about the 2-4 billion tonnes of lignite (coal) on their Balladonia tenements. From discussions with a few in the industry who know the deposits there is huge potential for diesel production out of those deposits.

From memory - they may only have the uranium rights, but they could easily get the lignite/diesel rights off Heron also. Better than a conceptual magnetite play.

I did buy in yesterday on announcement (ave entry 29c) as hype/market psychology was always going to send it on a run, got out this morning though.