Hello patches, hope the new results give you a little more inspiration and news that all assays are in and on their way for JORC Compliance Statement preparation Report.
Anyway Patches it would be much longer now to wait. I think we should see closer to the end of the month as the report is going to be put together the share price tending upwards. By how much I do not know. It really depends on the big holders as to how much more they want to shake the tree.
Whoever it is moving the stocks around might do one or two more shakes to get the last of the loose leaves to fall and snuffle some shares but I think they will be sitting back starting to assess their positions now and working out what is the best time to get in and buy some more shares.
I am pretty sure they would all have their ears to the ground and their teams working out from these results they put out yesterday 7/611 to work out what the expected resource will be.
I suppose the time has come when we need to start watching the stock to see if a move upwards begins. Possibly when the stock gets to around 45 to 47 you will see more people moving back in. Until then I think many will simply keep the shares in the middle draw, or leave them like us in the bottom draw till they get over 1.00 or T/O/JV offer is made. Maybe the company will split P205 and SOP interests into two companies or just run Ammaroo Phosphate Project as one company and Karinga Creek JV and their 100% own project as another, like Karinga Creek Potash Project.
The Quarterly's should be out near the end of the month for June (second quarter) so we will have activity statement, financial statements and possibly Maiden JORC statement if not early July for that.
Best to all.
RUM Price at posting:
31.0¢ Sentiment: LT Buy Disclosure: Held
