MFE 0.00% 1.0¢ magnetite mines limited

maiden inferred resource by aug 31, page-8

  1. 62 Posts.
    Seems like we are in a period of consolidation, share price has risen from 19 cents to 23-25 cent range and is now consolidating at this level. Volume was stronger than average from the middle of last week, although fell to normal trading levels today. Hopefully this will consolidate at this range before the next move up to the 28 cent range ahead of the maiden resource statement. We're also expecting back assays from previous drilling at Razorback.

    Stock appears to be still under the radar, but what with ROY walking away with the recent accolade at Diggers and Dealers hopefully that will boost some more interest! Guess the most interest will be when the resource statement is released and BIG tick in the box fingers crossed!

    I hold long term on this stock.
 
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