KGW - yes, confirmation of the funding should probably have been...

KGW - yes, confirmation of the funding should probably have been met with greater enthusiasm than the drop on minuscule volume.

The depth has a big buyer in it which indicates to me that there's some sort of accumulation tactic going on - everyone is sitting on the sides because they are worried it's simply going to keep free falling. The buyer of 1m is now in the position that he/she knows if they are to pull that order, it could cause another cascade in price for no particularly logical reason other than fear that there are no real buyers at the current level...if you get my drift.

The fact is, though, that the movement from low 4's has been on pretty low volume in terms of the tradable stock available. You're either looking at impatient low value holders or a large buyer trying to shake the tree a bit.

There's been a mountain of projects before this that have been delayed and have gone on to become successful. Delays aren't always synonymous with negative issues that the company is responsible for, or can avoid. Ultimately, the drill bit will decide the direction of this company at some point over the coming months. The legislation doesn't appear to be a concern, although, I personally hate air-fairy wording which doesn't really put ones mind at ease - that announcement today was pointless. The current price, although, frustrating for holders can and will probably recover 50% in a day or two on drilling news, given the nature of the project. I just don't see any logical reason for selling at this point. If anything, I'd be buying more....which i am looking to do when presented with the right signs in the market depth.

Marchello