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   chingas
Member
Username: chingas Post Number: 853 Registered: 06-2007
Rating: N/A Votes: 0
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| | Friday, May 23, 2008 - 11:32 am: |
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Cheers aussie, good to hear from you, unfortunately I might have buggered up some of my good work this morning. Nice move by the look of it ecchi
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   ecchigaijin
Member
Username: ecchigaijin Post Number: 910 Registered: 07-2007Rating: N/A Votes: 0
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| | Friday, May 23, 2008 - 11:35 am: |
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That other announcement is out Chris, Note the neighbour is trading at $1.40 and has a larger market cap. I placed a half order at 50c just to wet my whistle. (Message edited by ecchigaijin on May 23, 2008)
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   chingas
Member
Username: chingas Post Number: 854 Registered: 06-2007
Rating: N/A Votes: 0
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| | Friday, May 23, 2008 - 11:55 am: |
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yeah i saw that one, should keep going up i reckon, haven't been game to get in yet though, have a fair bit in the market atm so probably have to sit for a while myself, shouldn't have chased though options this morning, thats what you get when trading on standard platform i guess, too hard to get orders in when stocks are moving, same problem to get out quick when you need to
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   ecchigaijin
Member
Username: ecchigaijin Post Number: 911 Registered: 07-2007Rating: N/A Votes: 0
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| | Friday, May 23, 2008 - 12:03 pm: |
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They have stabalised at 16.5 - 17 so this may only be a temporary selloff. I nearly got caught buying this morning also, luckily I was waiting for another sale before I could buy so I got to see the announcement first.
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   ecchigaijin
Member
Username: ecchigaijin Post Number: 912 Registered: 07-2007Rating: N/A Votes: 0
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| | Friday, May 23, 2008 - 12:08 pm: |
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You will probably have some time to think about EPS. There should be a day or two of selling after such a big jump up and based on original estimates I think the price is around where it should be (based on comparison to FDL). The comparison they give to ARH sounds promising long term though so I may let this bundle I bought this morning ride and if they drop below 40 I will probably load up and play short term with that half.
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   riskpirate
Member
Username: riskpirate Post Number: 775 Registered: 07-2007Rating: N/A Votes: 0
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| | Friday, May 23, 2008 - 12:29 pm: |
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AUSSIE,look at a postie bike....lol.
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   ecchigaijin
Member
Username: ecchigaijin Post Number: 913 Registered: 07-2007Rating: N/A Votes: 0
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| | Friday, May 23, 2008 - 01:20 pm: |
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OK EPS 5000 @ .44 5000 @ .37 lastly looking for 4968 @ .32
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   chingas
Member
Username: chingas Post Number: 855 Registered: 06-2007
Rating: N/A Votes: 0
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| | Friday, May 23, 2008 - 01:33 pm: |
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its fallen further than i would have thought ecchi, but you'd think it has to hold at these levels and start to head back up
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   chingas
Member
Username: chingas Post Number: 856 Registered: 06-2007
Rating: N/A Votes: 0
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| | Friday, May 23, 2008 - 01:35 pm: |
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this had better be lunch time weakness( ) for FDL, my average is now 6.5c so killed myself so far, still I think it will be ok, might not look so great for a few days/weeks but as the drilling program gets started it should make some nice moves. Fingers crossed
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   ecchigaijin
Member
Username: ecchigaijin Post Number: 914 Registered: 07-2007Rating: N/A Votes: 0
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| | Friday, May 23, 2008 - 01:53 pm: |
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Yeah today's buy killed you, otherwise you could have just done what I did and sold anything in profit to hedge your bets.
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   ecchigaijin
Member
Username: ecchigaijin Post Number: 915 Registered: 07-2007Rating: N/A Votes: 0
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| | Friday, May 23, 2008 - 01:55 pm: |
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I am not too worried about EPS, as even if it comes in at 2/3 the grade of FDL, it has 3 times the ore with a smaller market cap.
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   chingas
Member
Username: chingas Post Number: 857 Registered: 06-2007
Rating: N/A Votes: 0
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| | Friday, May 23, 2008 - 02:02 pm: |
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magnetite needs processing before shipment also although I'm not sure of the cost of doing this, still I think you should be ok. Tempting to have a little dip at these levels but after todays 100,000 @ 8c on FDLOA, just need to sit a while
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   chingas
Member
Username: chingas Post Number: 858 Registered: 06-2007
Rating: N/A Votes: 0
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| | Friday, May 23, 2008 - 02:04 pm: |
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by the way, I think they said 34% grade was the target resource but thats about the norm for that type of ore
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   chingas
Member
Username: chingas Post Number: 859 Registered: 06-2007
Rating: N/A Votes: 0
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| | Friday, May 23, 2008 - 02:07 pm: |
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DId you see the buy that just went through on FDL, 5,000,000 shares between 16.5c and 17c, someone has confidence
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   ecchigaijin
Member
Username: ecchigaijin Post Number: 916 Registered: 07-2007Rating: N/A Votes: 0
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