You may be right Kev.However, my hypothesis is that 1 of 2...

You may be right Kev.

However, my hypothesis is that 1 of 2 things will move the share price up.

a) Genuine further good news
b) Demand resulting from "investor relations" efforts (ie hype)

If it moved on genuine good news, then I would be kicking myself super hard, but if it moves simply on "investor relations" (ie promises) then I would not be so upset, despite having missed a trading profit.

I'm keen to get in before further good news, which is, I think, at least a few weeks/months away.

I could buy at 0.071 with a view to selling into hype at around 8c. I would make over 10% in that case.

However, the 7c buying looks like a serious but patient accumulation to me.

I would bet that whoever is accumulating at 7c is in the same mindset as you and me - hoping the SP will drop back down to lower levels for accumulation.

My view remains that the best bet is to wait for all of the speculators who bought the hype to get sick of it and cut their losses.

Mining/oil/gas speculators may not have a good grip on the business and may not have properly understood the risks and the length of time required.

I mean, HRL was touted as a good speculative buy in the newspaper - that is massive publicity, but they can't keep it up forever without a string of perfect results.

A buy above 7.5c last week, is, IMO, a bet on continuing to nail every milestone for months to come.

I was happy to take the other side of that bet and I will cop it on the chin with no regrets if I'm wrong.

My opinion only - short term volatility, still a great company with good assets, am not encouraging anyone to sell.