chinese iron ore market recovering, page-11

bergo33 - just my interpretation. If in time we get evidence we can present it to ASIC, but look - no holder notices. Just goes to show this mob know what they are doing.

The seller has been relentlessly dropping small parcels foe ages.
If it were a margin call, they would have just put the whole lot on at a discount and been done with it months ago.

IMO this is being run down with a purpose. The cover story is the AXOG, but IMO there is more to it than that, as AXO have a good resource in close proximity to the coast and the AXOG are unlikely to pose a problem for anyone who wants to partner AXO into development on the project.

No, IMO this selldown is being done purposefully, and there cannot be much further to go, which means an announcement will come when they cannot get it to go lower.

Look at this multinick from HK (is it?) who keeps logging on just to tell people not to buy, it is doomed etc.

I reckon if someone bid for a huge line of shares at 7c an announcement would come within days.

My theory is just that.

Until we see that announcement, which must surely come, we wont know what the game plan is, or who is behind it.