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0.63% 80.5¢ red hawk mining limited

50 bucks says its..., page-17

  1. Ya
    6,809 Posts.
    lightbulb Created with Sketch. 3829
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    11/08/09
    15:34
    Post #: 5493595
    Whatever it is, its worth a query.

    Given that just 8m of FMS shares traded yesterday & 134m have gone today, thats gotta raise a few brows!! Thats a run from 6c to 7.4c!!

    Dont think, its a simple comparison with Iron Road's 110mT of Magnetite @ 33% FE vs Flinders 476mT reserves @ 55% Fe!! Could it b assay results frm Ajax (Area-A) Or their rich neighbours feeling a bit generous with the A$610m of profit ann'cd yesterday & throwing some spare change towards Big Kev.

    Dont know the answers yet. Should b interesting.
    FMS Price at posting: 7.2¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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