MFE magnetite mines limited

breaking out, page-22

  1. 803 Posts.
    G’day Fingermark - Yep, sorry about that, I think I was somewhat responsible on Thursday for kicking this off and I had another little accumulation yesterday just to keep it on the boil a little longer. No doubt there has been some very strong accumulation over the last couple of days by investors keen on taking up positions in anticipation of future developments for ROY.

    I think it was Aktsier who alluded to the fact that 45c may be a key break out point for ROY. I think Aktsier’s fairly well on the money here. I’m thinking a close of day price of greater than 50 will definitely signal that ROY’s off and running. 50 seems to be an important milestone for many stocks.

    Take a look when UMC broke out of the 45 -50 range and take a look what happened to TNG when it broke out above 51. ROY is truly an amazing junior exploration company, well managed, with a myriad of tenements and minerals just waiting to be exploited and all with such a low market cap of around $22 million. I do love those Crabb sandwiches !!
 
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