australias only tungsten producer , page-9

I bought the stock at approx 14c a week or so ago. I bought it because I was looking for an impending producer providing exposure to tungsten and molybdenun.

The placement at 12c was not actually that bad considering where the SP was lagging. Although, given the recent announcement, I would have thought a placement done post production announcment may have seen the placement done at closer to 15c as opposed to 12c.

All in all, I'm in it for the medium term. I think it will hold above 16c anyway and consolidate at this level before moving up.

One of the positives is that the placement at least introducers the company to many other investors who may just like the story and the announcement may just get the new holders to hold on for the longer term.

Again, while it could have been handled a little better, I do like the fundamentals given my view on tungsten and molybdenun.