We are moving up because we are a highly controlled and...

We are moving up because we are a highly controlled and manipulated stock, the iron bodies have hardly increased in the last 3-4 months and has no reason why our SP is increasing, my feeling was that a recent director and now a new director over at FAS had a parcel of shares to be sold of around 1 million, it is obvious a deal was done for him to be bought out ASAP in the 70 cent range, thats why when someone was selling around 85 and below they were crashing the price, support and strength was done at 68-70 cents for at least 700,000 of that 1 million, when those shares when sold on market the money was instantly reinvested back into FAS, yes we are going to have iron ore increases in the next 1-8 months, but never forget the fact that everything is centred around January 2011, this stock will be taken over but it wont be befopre then,there are December 2010 and 2011 performance options that need to be excised at the right time, you only have to look at the closing trades today to see the manipulation, at 3.57pm we were up 12.5% for the day at 91 cents, this is a no no to be up more than 10% at the end of a days trading with GWR, the reason ASX speeding ticket inquiry, the other manipulation was 2500 shares offered for sale at 88 cents after the close, 2499 of the shares were bought at 88.5 and 89 thus making a 88 close and keeping the daily increase under 10%.

Anyway i would be most happy with another 10% tomorrow, it is managements job to get things done and set targets, the SPP is the next major target, as stated before i believe we are onward and upwards towards $1.20-$1.25 for the SPP to be done, the end of April could be the timing.

Hunan Valin Steel will get the majority of the SPP and most likely taking their holdings close to 19.9%, imo