Firstly thanks goes to D12 for a fantastic post today. We are all now updated with current information with some insight as to where we are with an expected NR....very soon and I expect this week. (I admit I expected it earlier so Sum4all was correct in his postings) The outstanding warrants are on the table and no doubt the lure of this excess cash is to much for management to resist to not pull out all the stops to ensure they are exercised. Cash is king and while NOT currently does not need it they will take it!

Secondly, specific to SP action where price drops on any releases; this is very typical particularly if there was a run up in advance of the news as investor are buying on rumors and then selling on the news. This is a reason why many investors do not hold over an earnings annoucement as an example. If there is a huge gap up due to an outstanding NR then these gaps act like an magnet and are eventually closed before heading up. It is more complicated then this simple post and this is very typical stuff found in the markets.

Thirdly, commodities are currently under pressure and this will have a negative effect on the resource sectors. It is quite normal to have retracements after a good run up and from what I have been told there will be wonderful buying opportunities in the commodities sectors when the bottom is in. (I heard gold could retrace to $780) NOT will be subject to the same sentiment unless a NR motivates investors into buying moving the SP higher.

It appears we are in for some SP action in the next couple of days . Let the games begin.....