Saw this coming on Friday, when surprised to see $1.25 and the shares had already been allocated. The sellers will mostly be the ST profit takers whom bought IFER on market IMO- then taking a nice 20% earner. Problem is that they will miss over a double bagger when the first shipment goes out the door very soon.
Yet a 10-15% fall was expected- I will be snapping anything up near $1 with so few shares on issue.
Being so few shares on issues those who wish to offload or accummulate a good sum will move this stock hugely. As will its father TRF.
Most likely double to triple baggers in this sector to conclude 2010 IMO. Not long now...
All cashed up and now the Iron Ore is to head straight for China ASAP... Good Luck holders.
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Buyers (Bids)
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8 | 9030803 | 0.003 |
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6 | 8088888 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
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0.006 | 5851693 | 5 |
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