I follow this stock closely. The company still only has five...

I follow this stock closely. The company still only has five cents asset backing and for everyone buying 400,000 shares there is someone selling 400,000 shares. If these guys are buying an iron ore deposit they will probably pay at least a market rate for it and so the share price would only go up on sentiment ie they are turning cash into a tenement. If I was the vendor of the iron ore deposit and it was fantastic I suspect I'd try and sell it to BHP or Rio rather than a junior with $5 million in the bank....which they probably tried to do. This stock is and only ever was worth 15c