The share price is doing very well with 9,665 @ $0.125 yesterday...

The share price is doing very well with 9,665 @ $0.125 yesterday closing up 4.76% for the day.

Below is the share price movement for the last few days.
Considering the Rights are tradeable on the 21 July investors tend to be sitting.

I would like to think the share price will consolidate at $0.15.

Date Close Change High Low Volume
19 Jul 2011 0.110 4.76% 0.125 0.105 208,685
18 Jul 2011 0.105 10.53% 0.110 0.100 283,903
15 Jul 2011 0.095 1.06% 0.095 0.095 114,097
14 Jul 2011 0.094 4.44% 0.095 0.094 186,981
13 Jul 2011 0.090 4.65% 0.090 0.090 204,049

NEWSFLOW.
The next key bits of news are.

Plant purchase, conformation meeting conditions of the Letter of Intent.
Timing of the arrival of the plant at Mt Carbine.
Estimated Costing. Hopefully savings for the Tailings processing plant.
Estimated commissioning details.
Off take Agreement.
First Production. (??November??)
Cashflow positive Slurry cost price.
Update on the Filling of the 37% Rights shortfall.

Note Icon new Management tend to be very conservative to build credibility.



Plough on the 8 July you made the following post any update?

My guess its a modular second hand HMS ilmenite/rutile processing plant utilising spirals out of WA would take 3 weeks to break down 2 weeks to transport 6 weeks to rebuild and would need an onsite diesel 3MW plant to operate.

Please enjoy the ride and DYOR.