Yea sell side looking weaker buy side building up, BOT buying has been quite of late.
Shareholder announcement in Nov mentioned FHL Mining Service Pty Ltd, anyone else notice Giuseppe Leone is also top 20 shareholder of FER?
Seems he was one of the sophisticated investors that obtained some shares in earlier cap raising.
The likes of Leone, Bontempo and Wright = Good times ahead for FER in Mining Services, I'm expecting an acquisition to be on the table then with the connections these guys have many deals throughout the year, IMO.
Hoping for a nice run to 2.5c+ soon before new support levels are reached.
Have this one one your watchlist as when it moves it could bolt, DYOR.
I hold.
FER Price at posting:
1.2¢ Sentiment: Buy Disclosure: Held
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