DMA 0.00% 6.0¢ dynasty resources limited

sp should rise tommorrow

  1. 249 Posts.
    The VWAP was strong today at $0.2702 today with 403,000 shares changing hands (13.5% higher than 3 month average).

    Recovery -> Increased Demand for Steel -> Increase Demand for Iron-ore -> Increased Iron-ore Spot Price

    Some of the remaining 80% of iron-ore drilling results should be released in November, and potentially cause resource upgrade.

    With a estimated 400 million resource made already, there is a good chance this could significantly increase with upcoming drilling results.

    I will be holding until the drilling results are released later in the month.

 
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