FEX 3.70% 28.0¢ fenix resources ltd

Ann: Significant High-Grade Iron Ore Intersected at Iron Ridge, page-212

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  1. 8,698 Posts.
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    all I can say is, imo, this is being manipulated for purposes of accumulation. have not seen the broker data yet, and the script having a large portion of DT, they are just exiting cause of T+2, like any stock, if you are DT, there is always a risk of getting caught out.

    FA wise, absolutely nothing has changed, I thought the quarterly read well as well.

    and FA wise, iron ore is in demand, does not affect FEX as much, cause we are not producing.

    having said that, at this end of the risk spectrum, it is all about the sentiment.

    IMO and in my case, I am going to hold for a little while to get a bagger out of this, unsure of the very long term, but hey, if the next results are as good as previous, I think we have a good rise.

    dyor, aimho
 
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