What is happening here is something very different from the last time we bounced off 1.40.

At that time, beginning with JJ leaving, the split with PRB,and the general indications that the BOD was going to start getting more proactive with retail, along with 4 releases in as many days, made the SP rise seem almost manufactured.

The seemingly open stance that the BOD was taking suddenly came to a halt after the last news 3 weeks ago. Did they suddenly do another about face for a reason? The only two obvious ones would be a good hit, or an approach from a buyer. If either one is a fact, that is ok, and the recent upward movement could simply be caused by some very low key leakage.

Whatever is happening, it definately is not driven by any serious buying yet, and I can take this steady 3-4 cent daily rise for as long as they want. Keep it this way for another 2 weeks, bring out the news just before month end, and we will all be happy.

Best regards

K