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Re: FWL - Ferrowest Limited

yeh im a bit confused now :confused:

was this the ann that everyone was waiting for, because it isnt anything that special, so it seems the price has already factored it in.

or will there be another ann in the next week or so with un update on those results?
 
Re: FWL - Ferrowest Limited

No, we are waiting on the first JORC resource. Which FWL was hoping would be around 75mt from memory. That will be followed in a few weeks by results of the pre feas study.

This announcment, while good, isnt price sensitve. The next one will be!
 
Re: FWL - Ferrowest Limited

ok thats what i thought. will be interesting to see if it is out tomorrow

thanks

and thanks again to get the message accepted
 
Re: FWL - Ferrowest Limited

UPKA said:
: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...
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Ruprect said:
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...
Click to expand...

Exactly thats all it was an ann to confirm that the samples have been sent of to Japan's Kobe Steel for testing weakening slightly today, but all in all still holding up amazingly well given the steep rise
 
Re: FWL - Ferrowest Limited

Such total lack of interest today :confused: I was expecting a little more shares traded. With the "forumites", lol, and the market expecting the JORC to be released tomorrow the volume today has me worried. It would seem 65 cents is acting like short term support not dipping below this. I'm thinking if it falls further than this we may see the 50's again.
Anyone think the SP has finished correcting?
 
Re: FWL - Ferrowest Limited

Yeah maybe, but you always have the people sitting on the sidelines waiting to see the JORC upgrade before putting their money where their mouth is.

I was surprised that there wasn't more volume go through today but then again it was a mexican standoff all morning until a $1700 buy went through.

Even then, there was NOTHING for ages, so I think the sales that went through were SELLERS getting out, not buyers getting on.

I think the holders are holding for July (or tomorrow) and the buyers that are left are sitting and waiting for the announcement before making a decision.

Either way, I would hold until July for the next announcement after this one.
 
Re: FWL - Ferrowest Limited

Fool said:
Yeah maybe, but you always have the people sitting on the sidelines waiting to see the JORC upgrade before putting their money where their mouth is.

I was surprised that there wasn't more volume go through today but then again it was a mexican standoff all morning until a $1700 buy went through.

Even then, there was NOTHING for ages, so I think the sales that went through were SELLERS getting out, not buyers getting on.

I think the holders are holding for July (or tomorrow) and the buyers that are left are sitting and waiting for the announcement before making a decision.

Either way, I would hold until July for the next announcement after this one.
Click to expand...

Also, this stock isn't liquid enough for daytraders. This is a good thing for those who are long.

Many investors aren't as speculative as us ASFers and wait until major steps are made before investing.

IMO a bigger than expected JORC will be step 1.
& The PFS will be the major news which draws in major investors.
 
Re: FWL - Ferrowest Limited

YOUNG_TRADER said:
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.



Exactly,

The mkts reaction to the JORC imo will direct the movements in the next 2-3weeks IMO until PFS
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Yount Trader,
Do you mind I ask what other undervalue Iron ores stock u hold :)
U're correct with FWL, with your analysis.
 
Re: FWL - Ferrowest Limited

Hi YT
I am new to this forum.
Have watched some of your shares that you researched and kindly posted in this forum.
I have to congratulate you in your stock picking skills.

I have been watching SDL for a while since last year.I do not hold SDL though.
Do you have any valuation on SDL?
I understand this thread is meant for FWL.
Any input would be very much appreciated.

Cheers
Solaris

P.S currently hold CTS,MLS and THR.
I am not asking for advice, just your thoughts.Thanks
 
Re: FWL - Ferrowest Limited

kevinecom said:
Yount Trader,
Do you mind I ask what other undervalue Iron ores stock u hold :)
U're correct with FWL, with your analysis.
Click to expand...

YML, HLX (yet to be fully proven to having an Iron Ore deposit), FWL (obviously, and my new one is CUL

Solaris said:
Do you have any valuation on SDL?
Click to expand...

No idea, its outta my league, mkt cap is well above $750m, there must be plenty of analyst valuatiions on it etc, I find the sub $100m undiscovered Gems ;)
 
Re: FWL - Ferrowest Limited

Announcement is out: 112.5Mt @ 25.3% Fe.

This is 10km of the total 27km strike length, I can't see anything else of interest other then that.

YOUNG_TRADER said:
To begin with the JORC should be 75Mt@25%Fe = 30yrs mine life
But it could be 2-3 times as big = 60yrs - 90yrs mine life or ramp up production!
Click to expand...

So I think we need an update YT ? :) :)
 
Re: FWL - Ferrowest Limited

Well, how about that! A company that delivers on their promised announcements and on time. Im impressed.

FWL were hoping for 75mt, came up with 112.5mt. And this is only one third of the deposit drilled! So, theres more to come.

More drilling this year, and the completion of the pre feas by the end of July. Not bad at all.
 
Re: FWL - Ferrowest Limited

exciting. Thanks Y_T again. it is his analysis which attract my eyes on. Though I am in a little bit late. But I think I still can make some profit.:)
 
Re: FWL - Ferrowest Limited

Ruprect said:
Well, how about that! A company that delivers on their promised announcements and on time. Im impressed.

FWL were hoping for 75mt, came up with 112.5mt. And this is only one third of the deposit drilled! So, theres more to come.

More drilling this year, and the completion of the pre feas by the end of July. Not bad at all.
Click to expand...

certainly impressive report, now we have to see how the market will react, i certainly dont want to sell as it is the last day of this FY!

btw what is the Inferred (Transitional) Resource? they have indicated that its "material that is partially oxidised but magnetite bearing", what does that mean?:confused:
 
Re: FWL - Ferrowest Limited

Wow guys this is big news this sector is on the boil and head office has timed it to a tee to deliver a better than expected ann with a mine life of twenty years plus we are guaranteed the latest techo recovery gear to fully value add to the base fe now and this will put fwl in the league it deseves now this is a good thing to be on atm very happy with the news bring it on fwl and this is only 10ks of it still got 15ks in the back pocket :D:D:D
 
Re: FWL - Ferrowest Limited

Check out the buy side - 9am and it's already at 80c.

Can't wait for 9:59 - will be very interesting to see how the market see's this stock with a bigger then expected initial estimate.
 
Re: FWL - Ferrowest Limited

hi all

one or 2 of may have noticed im a bit of a durhead when it comes to trading/investing, hence im currently sitting on a loss - did he say loss? but were all on 100%plus???,

but this ann is pretty good, i expect this to hold its current price reasonably well and perhaps gain steadily, anyway obviously it has lots of potential,

one good thing about being so tightly held was just how few people were willing to sell over the last week, so let me take this opportunity to offer all the AFSers a middie of beer when i come back to Australia if they keep holding, i reckon ASFers must own a good 30% of the 20% of shares not in the top 20 holders hands, (if not 50%! hey doesn't YT have about a million? i reckon it wont be long when he starts to fill out those 2%+ significant holding forms - but will we know his name?), just think if we all collude (hang on thats illegal so lets not) and hold then well just think .... - ok make that a schooner, 2 schooners for YT!

bye

all and thanks

ps what r schooners called in victoria again? pots?
 
Re: FWL - Ferrowest Limited

I think the trading this week has already factored the ann into the price. The share price was still dropping yesterday even when people knew the ann was definitely coming out today (if we believed the MD). So I am going to be careful here.
 
Re: FWL - Ferrowest Limited

I think the trading this week has already factored the ann into the price. The share price was still dropping yesterday even when people knew the ann was definitely coming out today (if we believed the MD). But the ann may be better than what was expected. Still should be careful here.
 
Re: FWL - Ferrowest Limited

yes, very very tightly held. The beauty about this announcement is that its the last day of the fin year on the market. A lot of those on big profits may not want to sell today, ie will prefer to realise profit in next fin year. In addition, this hasnt been heavily day traded over the last few days due to the lack of volume so we wont see that selling pressure.

There are those who will be waiting for either Monday, or more likely, the medium to longer term - the pre feas at the end of july and further drilling. This JORC is only the first step in the process. Much more to come!!

(And yes, pots, although smaller, but thankfully we do have schooners in Victoria now...as a Sydney lad, thats nice to see!)
 
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