One would expect this kind of sp movement - as anticipated announcements continue to be delayed past the expected release date.
There clearly aren't many holders prepared to put more money into this stock until they have a better idea what the situation is. Coupled with this are impatient sellers who have had enough of waiting and are reducing their holdings or getting out altogether.
What is obviously needed here is some good news, particularly in relation to the JV, either with the Chinese or another party.
From what some of you are saying, it sounds like the directors are very up-beat about everything. If this indeed turns out to be the case, we should see this share bounce back very quickly.
Iron ore is more than ever in high demand, as is Nickel and Gold.
Good luck everyone!
JMS Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
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