Yes, I haven't sold any parcels since I started buying at 26.5 either. Also like the look of the volume, but I do suspect we have another large seller dumping.
What I find bizarre is the lack of increases in substantial holder notices given what is likely coming for the company and the huge volumes going through.
Another 1% of issue traded today, but surprising heavy handed dumping of around 4% of the issue over the last 3 days. Surprising considering the state of the copper market the obvious interest in the project and the fact that ever other Cu/Ni/Zn/Mo company is exploding even if they DONT have viable projects!
The last three days on IRN could either be another foreign bank dumping vindictively as they have a proven track record of doing, or it could be CFD providers using retail investors stock against them. If the latter then it is likely to be whipsawed back once all the margin calls have been triggered.
IRN Price at posting:
27.6¢ Sentiment: None Disclosure: Held