Australian (ASX) Stock Market Forum

FMJ - Fortis Mining

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Magic Man said:
Yeah they are trying to get access to 2 world class Potash Fertilizer sites. South Boulder which has has an amazing run is involved in some other site i think..
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She has popped now!!! Finally I can relax, I have been watching this from 55c and sat on my hands..

Potash packs a punch these days!!

benwex
 
I learnt 3 things....

should have bought yesterday :banghead:
take your profits when you can
and 20 min delays don't make for good daytrades :eek:
 
wow is all i can say 10 bagger in one month on rumors of a potash deal, why spend time doing FA if you can make returns like that, but from the first post the IPO funds were for ?gold exploration. Whoever has been ramping this stock is welcome to come along and do the same for the stocks i hold, I've never had a 10 bagger.
 
managed to get out at 3.40 this moring very hard to get a sell through with comsec on this.. almost took 3.90 but got greedy and waited till it turned around.. will be looking at re entry tomorrow dependent on how its traded.. .. Potash is the product of the month thats for sure ..
 
decided to join the party again this afternoon around 2.20 ..
fingers crossed for another killer run up ..
Word is there is a broking institution selling to cool down the price.. not sure if its true.. but sounds good to me..
 
Good job. I think that speeding ticket took the fun out of it at $3.90, South Boulder was up again today after dropping back and im pretty sure it has something to do with potash also, so FMJ may run again next week... or drop further.. Itll be fun watching anyways lol
 
adobee said:
decided to join the party again this afternoon around 2.20 ..
fingers crossed for another killer run up ..
Word is there is a broking institution selling to cool down the price.. not sure if its true.. but sounds good to me..
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Hi Adobee,

If I may ask what made you re-enter at 2.20? Was there any particular technical reasoning behind it? I ask, as I personally feel that there is more downward movement to come in the short-term.

Also, out of interest where did you hear that this recent selling is simply to keep the SP down?

Just interested,

GLA,

Chorlton
 
Hey there. Been doing some research on some other Potash stocks that people may not be familiar with as much as Fortis or South Boulder some people may be interested in. RWD, ECM, GMM and RUM are all involved in Potash, mainly exploring it.

Do people think the Potash hype will continue or now that south Boulder and FMJ have come of a bit do they think its already run its dash in the short term. All of the stocks mentioned have run substantially the past few days.

Thoughts? DYOR.
 
Tomorrow's candle should have a real body of: $1.86 to $2.04, with maybe a small wick either end.

Very 'chartable' at the moment, like CDU.
 
dropped half this morning 2.69 moving across to SSC which is now down hopefully can get filled on this at 2.1c ..

Cant wait to see some news flow on FMJ ... directors supposed to be fastracking the due dilligence .. they will have to release some details on the project soon they cant just leave it in limbo that they are looking at a potential 8,5bt potash mine somewhere in Kazakhstan ..
 
Debt facility $60m announced yesterday so sounds like the project is going ahead, from smh article directors are now back in Australia so I guess we will see an announcement or trading halt in the next couple of days.. Not sure how it will go down considering the current climate even if it is a huge resource..
 
After this morning's initial drop to around the 1.600 level, the chart is now looking bullish. I think we have seen the low for now, and hopefully will be heading north from here.

During this early morning's drop I managed to increase my holding back to my original parcel size, which I will now hold for the medium term, as I believe there is a lot more to come which this company.

Good Luck All,

Chorlton
 
also picked up a few at 1.70- 1.80
directors back in Sydney .. debt facility approved. ..
project announcement will be on the way ..
 
Looking good today and at 8am I was expecting the end of the world so quite surprising .. Fingers crossed can continue the up swing tomorrow..
 
FMJ is off an running again.. Buyers have finally outnumbered sellers again and are looking strong.. this stock has big swings and I am expecting to see a swing up to the previous high as the market is anticipating news on the potash project.. at this stage today, Monday, Tuesday.. From what I read in the paper the directors have flown back to Sydney from doing their due dilligence.. with this in mind asx cant let them continue trading without putting the news / announcement forward as to what project they are actually buying ...
 
Adobee
What are your expectations on an announcement - all the speculation that has been happening on FMJ would suggest that there may be a rush up then a rush out the door.

Your thoughts on this ?
 
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