The writing was on the wall for a retrace back to $2.50/$2.40...

The writing was on the wall for a retrace back to $2.50/$2.40 from $2.90 when the placement was to be done, but $1.75 is just really showing nearly ZERO value for Marillana FE when you subtract the cash and other tenements as Mozart did very well.

The fact is that BRM remains grossly undervalued and as Phillip/Gringo say its probably mainly due to the market getting bored waiting for BRM to deliver the next part of the development eqaution, either oftake and or rail port.

The oftake i beleive could be bedded down fairly quick smart as China/Asia is vry hungry for FE, the rail and port is the really big hurdle which ultimately could be the stumbling block for us all, BRM is a high risk/high reward share and not for the faint hearted, luckily im free carried but watching $400k in paper profit vapourise from $3 is part of the game, you got to take the good with the bad and now it aint a good time to be watching...LOL ::))