Looks like a bit of chewing to be done at 48.5c to overcome determined selling by exhausted holders. Though, to undermine my own argument, there is no obvious support for this level in 2011 when the price fell from 50c to 35c.
No apparent action on the development pipeline. I find the re-ordering of the listed project interesting.
It puts Fosayth Qld well down the list, advancing Capital and Cherry Tree. Maybe I am just over-reading it.
DYOR
IFN Price at posting:
48.5¢ Sentiment: Buy Disclosure: Held
