Chart wise it is a mess...scanning wise it is a mess. Yet for me the No 1 and 2 criteria is Inside Holdings and fundamentals of risk reward basis on the speccie.
The chart and scanning experts will be all over this play next month IMO on a volume and SP increase... as the guys are all over the place touting a 30Mil investment for 60-120Mil pa return. Who would not like that deal? Value is often found by value based players first then chart and scanners get aboard when it moves. It has not moved for a long long time...
Risk reward wise the Whilcherry project is a winner... down side can only be a HUGE commodity fall. Current prices will make us 60+ Mil pa. My post from IFE is relevant, yet looks like no one looking in these threads for a long time- Ohh well talking to myself- Lol.
>>Same here Denpal... I got out in the mid to high 80s when they released the SPP of 75c. Expecting the gap to fill- or rather hoping it would fill before Renouncebale shares offerred. It did... so I am back in.
As you will get to sell the Renounceable shares on market if wish or if trading UP will convert for 75c or buy more. It is a very good deal at these levels. This Coy should bounce off 75c when this is all done very quickly.
As we need 30M for a 60-120+ Mil dollar return pa on this Ore project if the Ore at current prices.
Many commodity traders are very bullish on Ore for 2011 and price towards the end of 2011 is critical to our bottom line as we make sales towards the end of year.
Currently we will make over 60M pa on every Mil tons sold. We will produce between between 1-2MT pa for many years to come. This is a very good opportunity to get in at great levels. Even double the current MC is still a bargain.
This is a very strong multi bagger during 2011 if we DO NOT have a huge dumping of commodities. Yet it would need to be unbelieveably HUGE. It would need to be a GFC mark 11 type event in 2011 for us not to make serious money from the investment.
Tiny MC at current levels. Risk is moderate whilst reward is amazingly HUGE. So this meets my multi bagger criteria. Plus inside holdings are dependant on success for their life. So worth the punt IMO.
Would not be surprised to see this up 50% in a month or 2 after the Insto and Ian have been touting it on the roadshow and media. The key board players lifestyle and future depends on the success of this Ore project. Not too many people in life get an opportunity like they have right now. They could not sell out without making huge losses and are full of confidence going forward.
Anyway meets Inside Trading and Risk reward criteria for me now. I needed to wait for the gap to fill, as chances were it was going to due to the poor strategic play in the ST by Ian IMO. Yet he maybe a genius next month.
Cheers JAY<<
TRF Price at posting:
42.5¢ Sentiment: Buy Disclosure: Held
