bit of a strange one thisOn the nose after the "Mr Ding" pulled...

bit of a strange one this

On the nose after the "Mr Ding" pulled out but have been consolidating their position, proving reserves and extending their tenancies.

Magnetite rather than Haemetite so that works against them a bit.

I am happy that they have released results when they said they would. Too many companies promise drilling results that never seem to come - come late and when they do don't match expectations.

From a Hotcopper view has been very quiet for months - which means no ramping one way or another so sentiment seems flat.

Perhaps a longer term play - am not sure whether this has the volume to be a day trader.

I would guess the key question is what else is in the 400 sq km they will likely end up with

http://www.capelam.com.au/aurora/assets/user_content/File/ASX0326_NewTenement_240108.pdf