Macquarie have been onto this one now for a while. I also heard another insto was very eager to grab a line of stock Friday and were trying to organise it. No luck as nobody was interested in crossing a decent parcel.
Maybe they just ended up buying in market.
FMJ will need to keep the market interested otherwise as the excitement starts to ease then the SP could follow.
Im a true believer in the management and from past experience with (motopia MOT), I feel the news will just keep on rolling in over the next few weeks/months.
I've spoken to a few market players who have picked some of the best mining stocks over the last 10 years and if this 'world class potash asset' comes through they feel this baby could be another FMG in the making!
Still a long way off though with no news on the asset available.
Im holding for the long long term here.
FMJ Price at posting:
69.0¢ Sentiment: ST Buy Disclosure: Held
