quieter today

Well volume was much lower today with a good portion of the small volume going through at 2.3c and 2.4c.
If we get a big drop in iron ore we could see TAW back around the 2c range as the "weak hearted" sell.

Great names still remain in the Top20.. Hoping to see a new Top 20 list out post all of the recent cap raisings...

Sellers at 2.5c retreated from the queue. However, I think if we retrace back up around the 2.5 we will get some resistance here (also being the number the recent raising was around).

Plenty of news in the pipeline though so should see some momentum as these announcements come to light.

Big thing holding it back is the iron ore price BUT if they can confirm the cost price per ton (to port), in the upcoming Scoping Study, at around $USD50 as presented in their desktop study last year then $USD90 is still a huge profit margin.


Happy Top20 holder.. Not investment advice. Do your own research..