MFE 0.00% 1.0¢ magnetite mines limited

up 16 per cent....and no sellers, page-5

  1. 6,675 Posts.
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    Aint that the point ...... so many Qs about so many projects need answers.

    Market cap is still only about 15 mill tho ... MINNOW.

    Whats 40% of DSO resource at Shine JV worth as a straight buyout say, to a cashed up GBG ? May not happen for a while but thats REAL mid term value underpinning the still (IMO) firesale share price if u r interested in investing in it with yr SMSF ... and so far how have u been able to get any size for such at the lows.

    Todays volume is more like it for a company with so much ACTIVE work in the field atm. Double plus the previous doldrum highs ... that too is an alert. But u gotta study the presos and use a little imagination. We basically get the exploration spec ..... around and inc old NT U-MINES as well ....... for ZILCH effectively.

    And dunno what that iron-ore ground we seem to have won in comp with RIO is all about. And the WA gold play currently being drilled, or the US U-plays near U-producers we could toll treat at for quick cashflow if successful ?

    Very attractive reward / risk play cf to so much craap out there already sitting at multiples higher market cap without anything tangible to support.

    Check out the logscale charts and drivers like MACD and stochastics only now just stirring after today's effort. Weekly looking sexy too at this level. The real risk tho is lack of any decent offerers cos all the sniping has really been from the shadows as the stock appears and u need stock to whet the appetite as awreness increases.

    Actually hoping it comes back a little cos havent filled my core hold target yet. But risk is we might instead see gap-up tomorrow depending on what the yank markets end up doing tonite ....... Europe up nicely atm and DJ futures up about 50 last I looked.

    Plenty of sharks circling Ozzie waters atm looking for the value bait and we are about as good value as u will find IMO. Chinese doing iron ore and U deals with SPECS now really adding spice to the mix ... plenty of big movers today in the lower end. Thats another dimension.

    Techno driven now with lotsa fundamentals to like about it.
    Watch the L/T D/T line (logs). Hopefully slowly and steadily please, dont really like gaps ... unless they are breakaway gaps of course haha.

    ROY has moved into my top 4 focus now. Still taking a conservative stance overall tho ... except in Uraniums and Golds(+pgms)where getting more aggressive.

    IMBOOC





 
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