Big at-market buys today and another big buyer in the queue.
The Posse Iron Ore mine is now cash-flow positive. Total sales for the quarter were A$2.1 million.
A big price catalyst will be the granting of a full mining license for Posse, expected during the second half of 2013, ie could happen any day. Good news on this front could be the cause of the sudden buying interest today.
Also currently exploring gold projects
Price has come down from $$1.50, and on the short-term chart the price has made a V-bottom with a big surge in OBV.
