Ann: Peak Hill Iron JV - Magnetite Exploration Ta, page-5

re: Ann: Peak Hill Iron JV - Magnetite Explor... What is with this company.....????

I got told to buy a while ago, and everytime they post any news the stock get hammered.

From my experience it means that there is usually a whole lot of promoters with a heap of stock that sell into the volume!! Or that it is a very leaky boat and everyone that holds the stock knows when the news is coming and is ready to sell

Cape lambert sold there mag deposit for $250m cash and had a similar style deposit, but only about quarter of the size.....so if this is conceptually worth 1 billion $ then why does the stock get sold off??