MFE 0.00% 1.0¢ magnetite mines limited

It may well be the buyer who is trying to keep the price down...

  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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