I've bought a small parcel of 60k to play with; got it at 33c and decided to hold after seeing the buyers return a couple of times during the afternoon when Traders looked to take quick profits. I'm fairly certain this one will go much higher over the next little while because of the sentiment behind iron ore right now. The Cazaly dramas won't hurt either.
Whether AQD even mine an ounce of ore from the ground is a separate issue, but right now we are in a mining boom and people will lose their heads buying into this one.
It's all about sentiment...not fundamentals so be careful. This is not the sort of stock I would invest in at this stage - I am purely having a punt and have 5c of downside to protect me. I'm quite happy to risk my 5.5c of profit for the potential of greater upside.
Coop
AQD Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
