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Re: FWL - Ferrowest Limited

I think some of the trades which happened today sum up the way this stock is traded on low volume.

For example on the options when the price was 50c:

There was a 50K sell order for 50c sitting there for a while.
The person then sold the 50K at market @ 47 & 45.

So the options lost 10% just on just 1 impatient small trade.

Oh well...it was worth the amusement.
 
Re: FWL - Ferrowest Limited

I took another little nibble of those options, probably from the buyer you mentioned, at 3:04p.m. 47cents was just too tempting! As YT pointed out, there were a lot more shares and more money changeing hands on the two previous up days. Yesterday's shares all at 80 cents and above totaled over $800,000. I estimate no more than $140, 000. went down today. I'm stickin' with the money!!
 
Re: FWL - Ferrowest Limited

Looks like FWL bounced off the 74c/75c support line,

Volumes are light though today, but are already more than yesterdays fall which is positive I think
 
Re: FWL - Ferrowest Limited

The heads and oppies look like they might see some action today a lot of people want in on FWL,FWLO and i think they are just starting to realise they are going to have to pay $$$$$ for them $1 is on the way imo with pre PFS pressure alone IMO and then we might see some more shares come on offer and then we will get the vols to make this baby run to some real numbers $1+Ferrowest has all the signs of a mover and has the dirt and plans to fuel a run the press will pick up on FWL anytime i fell and run the value add slogan to the hilt and management is very silly if they dont push the value add side of there biz plan with all the cash coming from minning into the goverment coffers i can see in the future some nice incentives coming to companys that keep the jobs in OZ goodluck and use local comms for the process you would not belive what the goverment did to get alcoa to v add in geelong they practically gave them the electricty to do the process this ones a no brainer imo just a matter of time very happy to be holding
 
Re: FWL - Ferrowest Limited

Well not long now guys...PFS due end of July which means 7 more trading days........

29-06-2007 08:27 AM FWL First Resource Estimate - Yalgoo Iron Project

"Metallurgical testwork is still underway, as part of the Pre-feasibility Study that is due for completion before the end of July. When the results of the metallurgical testwork are combined with the geophysical and resource models, this will provide an excellent understanding of the Yogi deposit and be used to define infill drilling targets"
 
Re: FWL - Ferrowest Limited

News out for FWL, most old news recapping for investor when the PFS comes out.

“Work on the Pre-feasibility Study for the Yalgoo Iron Project was advanced throughout the Quarter and is now nearing completion.”

wont be long now...
 
Re: FWL - Ferrowest Limited

Fool said:
News out for FWL, most old news recapping for investor when the PFS comes out.

“Work on the Pre-feasibility Study for the Yalgoo Iron Project was advanced throughout the Quarter and is now nearing completion.”

wont be long now...
Click to expand...

im suspecting tomorrow, because the directors arent allowed to sell or buy 2 weeks be4 any price sensitive announcements, and it will be 2 weeks on wednesday, so im guessing it should be out tomorrow...
 
Re: FWL - Ferrowest Limited

Guys did anyone see the Presentation?

MD Brett Manning will be presenting at Mid West Resource forum later today,

I think thats why we had the push last week, well it won't take much buying from this forum to get SP moving


Keep a close eye on FWL today towards the close
 
Re: FWL - Ferrowest Limited


Yep....went through the presentation. It simplifies everything we know already.

I didn't like the disclaimers on the first page though
 
Re: FWL - Ferrowest Limited

Yeah not to bad at all the preso today by FWL i think if i was fence sitting on FWL awaiting a nudge this would do it for me pre PFS i have been holding for over a month now just awaiting managements pre PFS play and i like what they are laying out ATM very important week this one for fwl and it looks like they lay a nice path for a run good times ahead guys very happy holding shes a big earner this one IMO just how big the next week will answer the question im planning on $1 plus on pre PFS pressure alone but the US forecast might hammer that .........But like YT said todays close could be interesting with the crew from WA with deep pockets getting amognst the few on offer under a dollar if she do,s run my bet is it will be a rocket
 
Re: FWL - Ferrowest Limited

hi all

being a novice at T/A let alone F/A all I could think of was to ring the co again when saw yesterdays ann, as i initially thought it smelled like an excuse to delay the PFS release, anyway i spoke to the secretary and she said yes the PFS looks like it will be released before end of month, 'i think so' or 'i beleive so' were her words, I must admit a small part of me is wondering what if the PFS concludes the project to be unfeasable and they pack up and go home, but by all accounts and by the presentation it looks like they are really keen to get the project of the ground, so its more than likely the PFS ough to be (+),
 
Re: FWL - Ferrowest Limited


Pack up and go home?

Aren't we being a bit dramatic?

I mean you could say, maybe the PFS might show the project to be marginal (which given the info we have is unlikely) etc but pack up and go home?

If you analysed every spec share that way, then you wouldn't invest in the Spec sector of the stock market, heck FMG aren't producing yet, maybe after taking on all these Billions in debt they'll pack up and go home? :
 
Re: FWL - Ferrowest Limited

I think that FWLO FWL might be starting to see the buy pressure building on PFS pressure and WA preso funds ATM the sp is being very slowly closed in on on both the heads and the oppies with a gradual increase in volume and price offering on this morning ..............if we continue this way for the next hour or so somebodys going to jump the ladder and take the lift and race this to a dollar IMO fun day ahead people enjoy the action worth watching
 
Re: FWL - Ferrowest Limited

buyers r coming in now, we'll prob see a buying rush in the next 30mins or so right before closing. lets hope the ann comes out tomorrow!
 
Re: FWL - Ferrowest Limited

UPKA said:
buyers r coming in now, we'll prob see a buying rush in the next 30mins or so right before closing. lets hope the ann comes out tomorrow!
Click to expand...

Yep, agreed UPKA, it certainly has all the appearance of something about to happen. They arent small orders waiting in the low 80's either, with very little on the sell side.

On another note, the oppies here are trading again at a very serious discount to the heads, at the moment, 5cents. That can happen on limited turnover, but with an announcement, id expect them to match up or run at a small premium.
 
Re: FWL - Ferrowest Limited


well YT there is always the pessimistic side to everything, its worst scenario stuff i admit, and theres a little niggly part of me that considers the worst case scenario, anyway i think its obvious that the way most business enterprises work, milk run or mining co, is there is some original impetus, so its most likely that the essentials of the PFS were done way back otherwise they wouldnt have come this far, essentially i was letting my muse entertain the dark side, the PFS is more for investors really isnt it? you need to put something down on paper to attract backers to the project, the directors were obviously convinced of its viability back at day 1 - unless of course the whole thing is a scam, and now that the directors have sold their shares at a premium they are packing up and not going home but going to rio de janerio instead !! hehe

but seriously has the PFS been factored in? is it possible that unsless the PFS is a real shining bit of .pdf there will be a sell down? in any case long term FWL looks good, perhaps day 2 post PFS may not be as good, .... we'll all see soon.

ok bye
 
Re: FWL - Ferrowest Limited


Hey Toc,

Rio De Janerio ehh? Well now that you mention I know this guy named Kennarico who I think invested in FWL and now he's off in Peru, maybe somethings up? : lol

On a serious note its good to play devil's advocate, but note the Directors shares are escrowed for another 6-12months I'm pretty sure,

As for the PFS, its really the piece of paper that should show a NPV on the project and draw brokers towards it, if you check other similar companies gain alot of Insto and Broker support on the back of PFS and BFS studies,

But only time will tell what will happen, given the mkts are now experiencing a correction a doubt we will see a huge surge in the SP, but I'm pretty sure we will see constant buying on the back of the PFS results

Cheers
 
Re: FWL - Ferrowest Limited

.


and I might add that MGO just released a PFS on Friday and the SP held only dropped 1 point.

I think the fact that the capex for MGO will be huge, as per PFS, also was a factor which subdued the SP.

Ferrowest's PFS should not have this problem, and the huge margins will be plain to see.

Now hopefully the DOW can keep up its end, although the way it sold off again in the last hour doesn't bode well for Monday night
 
Re: FWL - Ferrowest Limited


id rather see and slow and steady climb that erratic ups and downs (well not too slow) about a 20degree incline would be just fine, as for PFS yeh that about is what i figured its for, to atract investorsbroker, after all a bank manager wants to see a business plan if someone wants to start a business, so these guys need to show something on FWLs behalf to get the project off the ground,

well lets see how it does,

ps there might be a sell off because a few individuals may not be too impressed, and we have seen FWL drop sinigifcantloy on certain days because of 100,000 shares sold, and that could easily be attributed to 1 or 2 people, so a preparedness for all situations is required, i remember one of my first mistakes was with JMS, i bought in to an ann at 17.5c, only for some holders to sell and the price dropped by about 15% so decided to cut my loss the next day, two days later it hit 37c!!!!!!!! and a few days after that 44c odd, you may remeber that YT, you were one of the ones trying to point out out to me the rashness of my intended sale, ........ now if only i had heeded!!!!

and oh yeah ive noticed kennas has put peru on his location, hmmm, maybe hes spying out there on cts, although i think he might be spying out on machu pichu, i think id rather do that
 
Re: FWL - Ferrowest Limited

What is the go with the PFS?

The MD has been adamant for months that it will be out in July.... yet here we are sitting and waiting for it with 1.5 days left of trading.

I fear this is bad time for such an important announcement to be released with the whole market scared of an impending collapse.
 
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