We don't know the figures yet on Romblom so i wouldn't veture to predict share price movement. However what we do know is that PEL ran to 48cents back in June just on anticipation of the MPSA being signed. Since then we have had an offtake agreement signed with BHP no less, and encouraging ironore samples from Bellery Springs. Also like I said in my previous post we have just been through the most turbulent times on the ASX in 20 years. It is safe to say given no news that the current market price is as low as its going to it. If people want in they have to pay market price which we have just seen up 40% today. Therefore at the 20cent level it is a pritty safe entry point vs at least 100% increase when the MPSA is signed.
Come on John get a riggle on and get it signed, pappa needs a holiday!
trading , page-5
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