VWAP and technical targets goes out of the window if volumes flood in early today. By next week, yesterdays’ candle could look like a mammoth green spike or a tiny lil green candle way below with average volume.
At yesterdays close FDL is capitalised at $43 million with an option exercisable at 10c before Sep 2008.
I doubt a $43million ironore will be sitting next to FMG for long and there isn’t a better reason for the big boys to pump up a stock in current environment than this. My view is that who ever bought this yesterday would be comfortable even with a price of 20 cents.
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