My normal expectation for tomorrow would be an early flurry and a rise followed by a decline. Opposing this prediction is the reality that they have been sampling Mt Phillips testing a radioactive anomaly in an area of known carnotite mineralisation. My experience of this mineral is that it forms quite recognisable bright yellow crusts even at low concentrations.
(http://en.wikipedia.org/wiki/Carnotite)
If they have found more of this mineral at Mt Phillips, everyone from the drill operator to the cook is likely to know about it. Of course they all will have sworn to secrecy and no one will have got p***ed at New Year and blabbed about it!!! Not!!!
I don't actually know the ASX criteria for a "Please explain" but sp and volume are up up up. The chances of ASX questions must be pretty high at this stage so one way or another I'm predicting an announcement re Mt Phillips in the very near future.
All in all I think the sp is at least as likely to rise tomorrow as retrace. If there is any substance behind the rumours a trading halt is another possibility.
Much of the above is rumour and conjecture so do your own research.
Opaline
EPS Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
