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Re: FWL - Ferrowest Limited

Some people are now sitting on losses of more than 27%. FWL went to its high of 93.5 cents, and now its down to 68 cents, so with that in mind I would like to again re-enforce my view that FWL, has run way too hard, too fast and needs to consolidate. I am sure 9/10 people will disagree with me, but again thats my view!
 
Re: FWL - Ferrowest Limited

Yes. It ran too fast, now in correction. But don't lose confidence. And do not only focus on SP only. Have look at the volume.
 
Re: FWL - Ferrowest Limited

Stop_the_clock said:
Some people are now sitting on losses of more than 27%. FWL went to its high of 93.5 cents, and now its down to 68 cents, so with that in mind I would like to again re-enforce my view that FWL, has run way too hard, too fast and needs to consolidate. I am sure 9/10 people will disagree with me, but again thats my view!
Click to expand...

Look what your saying is true it ran up way too hard and way too fast, but the fact is a) it did run up and b) its still holding onto alot of its gains, looks to be consolidating around 70c for now,

That being said, you have down ramped this stock from day 1 under a different alias on Hotcopper so hence any attempt you make now to post properly will be met by crticism.

alanding said:
Yes. It ran too fast, now in correction. But don't lose confidence. And do not only focus on SP only. Have look at the volume.
Click to expand...

Exactly,

The mkts reaction to the JORC imo will direct the movements in the next 2-3weeks IMO until PFS
 
Re: FWL - Ferrowest Limited

Yeah, Good on ya Stop. A grand total of 92k sold today with virutally no sellers up to 80c. What it shows is that people are actually holding. And not selling. We have JORC resource coming soon, followed by a pre feas.

The next little while promises to be interesting for FWL.

But seriously though, and i do like to be serious, with a claim to fame of having made a whopping $475 (yes, theres no more 000's on that), where will that get you a deposit for a house? Nepal? Mongolia?

We are here for some decent commentary, you have yet to add anything useful.
 
Re: FWL - Ferrowest Limited

i think that we all know what STC/krisbarrys intentions are so now that he has being exposed not many of his comments will be taken seriously.

as for FWL, i believe that it will hold 65c at the absolute lowest, due to what has been mentioned previously, volume, holders, JORC etc etc
 
Re: FWL - Ferrowest Limited

Hi all

I have read the anns and listened to the board room radio interviews and FWL has been quite confident and clear that the JORC will be annd by the end of June.

hmmm, june 27 today, maybe they wanna go down to the wire on it,

has anyone rang the company on this? does someone want to? not only am i in england and ive never rung a company before and dont really know how to go about asking that sort of thing, as divulging that sort of info would surely have to be against asx rules, which is why id feel a bit strange in asking in the first place,

maybe i should start a thread on how to ring management and the psychology on schmoozing price sensitive info out of them, as some of the posts that ive read over the last year boasting of the highly sensitive info that the poster has got (of the sort that should be released by asx ann to everyone), simply just by ringing and asking, often make wonder whether the poster is making it up or whether management of company abc can be so slack,

ok im off to bed, 2.32 am now
 
Re: FWL - Ferrowest Limited

I'm not too sure if FWL is retracing/correcting? The chart looks sweet to me, sure it went crazy on Monday, and now it's back to reasonable levels in a couple of days.
Now I was way late catching on to this and feeling very comfortable all the same. Wish I got out in the 80-90 cent then buy back in but that's hindsight for you.
SP is riding the top B band to me, MACD looks great and not overbought on slow stochastic. As I said FWL looks sweet to me!!! :)
Depth is lacking the excitement of last week, I wonder how long this selling will continue?
 

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Re: FWL - Ferrowest Limited

Pat said:
I'm not too sure if FWL is retracing/correcting? The chart looks sweet to me, sure it went crazy on Monday, and now it's back to reasonable levels in a couple of days.
Now I was way late catching on to this and feeling very comfortable all the same. Wish I got out in the 80-90 cent then buy back in but that's hindsight for you.
SP is riding the top B band to me, MACD looks great and not overbought on slow stochastic. As I said FWL looks sweet to me!!! :)
Depth is lacking the excitement of last week, I wonder how long this selling will continue?
Click to expand...

Hey Pat I think FWL has held up well considering the steep rise its had, the JORC ann should be out tomorrow or Firday as the MD was sure it would be out before the end of the month,

It looks to me like the holders are holding, a few nervous nellies selling and the buyers waiting, JORC will hold the key
 
Re: FWL - Ferrowest Limited

http://www.doir.wa.gov.au/documents/investment/dripigironJan06.pdf

Have a look at this. Maybe helpful

Pig iron has traditionally been produced in large-scale blast
furnaces. There are now emerging a number of competing
technologies to the blast furnace, a number of which use coal as
a reductant. There is not a requirement of coking coal for most
of these processes. Low quality and priced, non-coking coals
can be used. Examples of such processes include HIsmelt being
developed in joint venture by Rio Tinto; Ausmelt and the Midrex,
ITMk3 Fastmet and Fastmelt processes. The new technologies
promise to provide routes to produce pig iron in relatively smallscale
plants, although progressive scale-ups approaching blast
furnace equivalent outputs are being developed.
 
Re: FWL - Ferrowest Limited

Still no annoucement yet, the MD probably want to leave it till the last day of the Financial yr so all profits can be carried over:cautious:. if nothing is released during the day, there will probably another buying rush towards the close, in anticipation of the JORC statement. we may be a weak opening toady, thinking of topping up, 65.5c looks attractive.:)
 
Re: FWL - Ferrowest Limited

upka

i have to admit i am a bit nervous as believe it or not i am managing to sit on a loss here, hesitated on friday and then was watching it run on monday and bought some,

fwl wont be the first co in history to fail to release an ann by a stated due date, at the end of the day all of there statements about its timing were only confident of its release by june, after all they are not legally not even morally under obligation to do so, hence am bit worried if they dont the price will slowly decline,

anyway im waiting like the rest of us all - so heres hoping

ps and after all there is no guarantee the the ann will be what everyone was hoping for, seen that happen too a few times
 
Re: FWL - Ferrowest Limited

i too am also sitting on a small loss (bought at 69c) but am confident at the companies long term fundamentals.
If this next announcement has already been factored in to the price i am happy to hold over the next couple years, which i was probably going to do anyway.
 
Re: FWL - Ferrowest Limited

CUL is burning
But FWL is in a antarctic. Hope the announcement will give out today or tomorrow
amazing.:)
 
Re: FWL - Ferrowest Limited

hey i just rang the company (small pat on back - first time) and spoke to - what was his name? - anyway i asked if they still will be releasing the jORC ann by the end of june and got a firm "yes",

so either today or tomorrow then i asked,

"that is the plan, yes" was the second reply

so either way we dont have long to wait then
 
Re: FWL - Ferrowest Limited

UPKA said:
Still no annoucement yet, the MD probably want to leave it till the last day of the Financial yr so all profits can be carried over
Click to expand...

I would not be at all suprised to see this situation happen.
 
Re: FWL - Ferrowest Limited

UPKA said:
Still no annoucement yet, the MD probably want to leave it till the last day of the Financial yr so all profits can be carried over
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Upka, Prawn ..

I dont understand this statement or the motivation to so with the ann, are you saying they expect the market will react poorly? So that they can sell in the new fin year? If they expected it to react well it would not make a difference when its released.
 
Re: FWL - Ferrowest Limited

toc_bat said:
Upka, Prawn ..

I dont understand this statement or the motivation to so with the ann, are you saying they expect the market will react poorly? So that they can sell in the new fin year? If they expected it to react well it would not make a difference when its released.
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in my opiniopn it is more just a psychological (is that how you spell it?) thing. People are wary about buying and selling near the end of the FY for tax purposes and general market sentiment.

is they wait till friday and all the sales go through on monday then it will all be classed in FY08 and people will not have to make any tax decisions until this time next year.

but hey, im just an amatuer so what would i kno really? lol
 
Re: FWL - Ferrowest Limited

toc_bat said:
hey i just rang the company (small pat on back - first time) and spoke to - what was his name? - anyway i asked if they still will be releasing the jORC ann by the end of june and got a firm "yes",

so either today or tomorrow then i asked,

"that is the plan, yes" was the second reply

so either way we dont have long to wait then
Click to expand...

Good - Announcement today or tomorrow makes sense based on the director's interview just last Thursday where he was quite clear that the jorc would be released by the end of June.
 
Re: FWL - Ferrowest Limited

:confused:annoucement out, good grade 67% fe, bt why is it soo brief? im sure that the MD can elaborate a bit more than that...
 
Re: FWL - Ferrowest Limited

Just a confirmation of the samples sent off to Japan for testing. Shows that there is some good work being done over there in the offices of FWL.

I think this announcement was a little teaser...the next one shouldnt be far away...
 
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