Interesting times, chalkstar. I'm not sure who UBS are buying on...

Interesting times, chalkstar. I'm not sure who UBS are buying on behalf of but I'm happy to go along for the ride.

I have a feeling that JAL will renegogiate the terms of the option in the coming weeks and find enough resources near the surface to make the project feasible. I believe that this was always on the cards but the ASX forced their hand with their share price query a few weeks ago. With new terms not agreed by that stage, all JAL could do was say that the project under the current terms would not go ahead. I believe that this lead to JAL being oversold.