TI1 0.00% 1.4¢ tombador iron limited

When you look at the trades going through, it looks like the...

  1. 6,687 Posts.
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    When you look at the trades going through, it looks like the market is preparing to let us rerate.
    From the chart, there are two immediate resistance levels - 0.0073 and 0.0126.

    When shareholders go through a torrid time, like IBN's have, it is human nature that a lot of them are waiting just to get their money back. In looking at the chart, large volumes were traded back in Aug/Sep 2015 so I would be expecting quite a few of those shareholders would be wanting to get their money back. That would give us the next resistance level of 0.017.

    0.017 would see a MC of 29m, which I think would be reasonably fair value if the restructuring that's underway goes according to plan. The time frame........maybe June 2018?????


    ibn_ax06may15_to_22nov17.png
 
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