traders are exiting......, page-15

Well it looks like it's reterned to the good old support level at 30c that's fine by me I droped 70% of my holdings last Thursday for 37c and I now free carry the remainder.
Today was a good sign when it droped below 30c and bounced back I picked up some more today.The DOW and the SPI futures are in the green it should at least hold at this level or move in the green with high volumes.

What was interesting today Venus Resources (VNS) got a deal signed with Shandong Bureau of Geology and Mineral Resources for their Yalgoo iron ore project,it is a small deal when you compare it to Aurox's plans but what it shows is the Chinese are still intrested in iron ore mines in Aus.
I hope Aurox can achive the same premium for their share placment +230% that would be nice.Before the T/H their SP was 60c on open it jumped to 94c the high for the day was $1.00 then it got sold down to 72.5c shows how you can get shafted after a good ann if your not in before.


Follow the link for the details:

http://imagesignal.comsec.com.au/asxdata/20100125/pdf/01031203.pdf

A project update would be nice Charles.
kind regards
Franciss.