MFE 0.00% 1.0¢ magnetite mines limited

consistent buyer, page-2

  1. 142 Posts.
    It may well be the buyer who is trying to keep the price down while he / she accumulates what they wantt at these loe prices. Makes sense to me. Same thing is happening to MLX, only in reverse, the sales for the last 2 days trading have begun with under 100 units at below previous close, then nothing for a few hours, then a reasonable volume goes thru later in the morning. Seems the major buyer of this stock (MLX) is the company itself buying its own shares back. Not that I am saying it is the company holding the price down.
    Back to ROY, I like this stock. It has a lot of stuff going for it, from the resource itself, to low benefication costs, to access to rail, road, power and ports. A good one to accumulate over the next 12 months in my opinion.
 
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