re: Ann: Peak Hill Iron JV - Magnetite Explor...
What is with this company.....????
I got told to buy a while ago, and everytime they post any news the stock get hammered.
From my experience it means that there is usually a whole lot of promoters with a heap of stock that sell into the volume!! Or that it is a very leaky boat and everyone that holds the stock knows when the news is coming and is ready to sell
Cape lambert sold there mag deposit for $250m cash and had a similar style deposit, but only about quarter of the size.....so if this is conceptually worth 1 billion $ then why does the stock get sold off??
PDY Price at posting:
3.3¢ Sentiment: None Disclosure: Not Held
