expecting a big move up shortly

As thread title says, i am expecting a very solid move shortly.

Rationale:

1) Placement. At this end of the market, all large placements are heavily defended. Especially on stocks that the group taking the placement on are virtually behind. They will be no placement selling. I'd suggest not even 1 single share. In fact, i expect Ascot to defend their holding and buy on-market. They will always know more then we do and will always be in the loop. Run up pre-more FE results wouldn't surprise. Happens all the bloody time.

Imagine if Ascot Securities put up a 7mn single order at $0.15? Thats effectively what they have done. They don't drop $3.75mn AUD to clear 30%.

They do it to clear 150% - 300%.


2) Magnetite Range South News-Flow.

As per the company's last release on the 1st of September, i quote:
"Three drilling rigs continue on site as part of a Resource drilling program"

"The results show magnetic concentrate mass recovery values greater than any of the previous results from the
project (Table 1).

These intersections contained intervals that have mass recoveries up to twice that reported from other parts of the project. 91.5m @ 50.6% mass recovery to a 69.2% Fe concentrate in hole MGD019 from 90.5m 15.5m @ 69.9% mass recovery to a 70.3% Fe concentrate also in hole MGD019 from 60m 118m @ 43.2% mass recovery to a 67.5% Fe concentrate in hole MGD018 from 76m.

These highly encouraging results add to the potential for the project. As previously announced, the drilling on new
targets in the southern parts of the project area has shown much wider magnetite BIF intersections.

Accent intends to continue evaluation of the 100 per cent owned Magnetite Range project at an increased pace.

This high quality magnetite project, located in the Mid West of Western Australia, is considered strategically
significant and is progressing towards a pre‐feasibility".



Expecting to see news flow released ANYDAY. LONG ONVERDUE and on last release we spiked from 17c to 27cents!



Regards,
followme