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Re: FWL - Ferrowest Limited
After 75c failed as support I scrubbed it out and redrew support at 55c
Now they have done the placement at 55c
I expect this to now to be an even stronger support level
Also I forgot how quickly and hard it ran after I picked it (Blue Circle), 20c to 90c in like a 2 weeks
After 75c failed as support I scrubbed it out and redrew support at 55c
Now they have done the placement at 55c
I expect this to now to be an even stronger support level
Also I forgot how quickly and hard it ran after I picked it (Blue Circle), 20c to 90c in like a 2 weeks
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Home runs feel good, but base hits pay bills!
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Re: FWL - Ferrowest Ltd
Well I knew it was only a matter of time before FWL got backing from a steel firm and it looks like its a Korean Steel Firm, hmmm remember those Murchison links via Paul Kopetchka, they're steel firm is also Korean (POSCO) coincidence?
See todays ann for full details
Well I knew it was only a matter of time before FWL got backing from a steel firm and it looks like its a Korean Steel Firm, hmmm remember those Murchison links via Paul Kopetchka, they're steel firm is also Korean (POSCO) coincidence?
See todays ann for full details
Re: FWL - Ferrowest Limited
Nice going, YT. You have called it well.
FWL is just striding ahead, reaching one milestone after another. Proven reserves, easy transport to the coast, port facilities, a process proven with their ore, robust economics, and now a market for half their production.
What's not to like?
Cheers, Serendip
Nice going, YT. You have called it well.
FWL is just striding ahead, reaching one milestone after another. Proven reserves, easy transport to the coast, port facilities, a process proven with their ore, robust economics, and now a market for half their production.
What's not to like?
Cheers, Serendip
Re: FWL - Ferrowest Limited
Just reading through the presentations from the AGM. I didn't realise they were talking with so many parties about an offtake agreement - i thought it was just a few...
"• Discussions held with groups from:
South Korea, Japan, China, Malaysia, India, Middle East, USA"
Did anybody here actually make it to the AGM, if so what were some of the questions asked?
Just reading through the presentations from the AGM. I didn't realise they were talking with so many parties about an offtake agreement - i thought it was just a few...
"• Discussions held with groups from:
South Korea, Japan, China, Malaysia, India, Middle East, USA"
Did anybody here actually make it to the AGM, if so what were some of the questions asked?
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Re: FWL - Ferrowest Limited
FWL languishing at 30 cps. This is down where it was 6 months ago before the surge up to the 80's.
Placement was at 55 cps.
Fundamentals have not changed except one thing - the iron ore bull is taking a breather given global equity market capitulation. Interesting to see how the IO speccy's faired - they were smashed. Strange market this one - one day it is IO price rises, the next bond insurerers collapsing hence the end of the financial world as we know it.
PS: I do not hold. Missed the great run up and the rapid leg down. Whoever sold at the top, good stuff.
FWL languishing at 30 cps. This is down where it was 6 months ago before the surge up to the 80's.
Placement was at 55 cps.
Fundamentals have not changed except one thing - the iron ore bull is taking a breather given global equity market capitulation. Interesting to see how the IO speccy's faired - they were smashed. Strange market this one - one day it is IO price rises, the next bond insurerers collapsing hence the end of the financial world as we know it.
PS: I do not hold. Missed the great run up and the rapid leg down. Whoever sold at the top, good stuff.
Re: FWL - Ferrowest Limited
G'day all
Newsletter released yesterday was a good layman's summary of what FWL are trying to achieve. The distinction between FWL and "normal" iron ore companies is significant.
http://imagesignal.comsec.com.au/asxdata/20080307/pdf/00820741.pdf
Even with the new shares issued in Dec, Mkt Cap is still incredibly low. I thought it would be interesting to compare the to 20 shareholders today to the list YT posted back in June 2007. The vast majority seem to be in this for the long haul. Including the Zuks and Kopeitka connections. While slightly lower at 66%, top 20 shareholders are still holding 2/3 of the company.
I traded FWL and made a bit of pocket money when it ran in June 07, however I still hold long term as I think the prospects are good and the management seem to be moving ahead with the project in a timely manner.
Perhaps a good opportunity at current levels for long-termers to have another look at FWL? You'd need to be prepared to have it sit in a bottom drawer for a couple of years though. It's close to being at the price level it was when YT first brought it to our attention...
Maz
G'day all
Newsletter released yesterday was a good layman's summary of what FWL are trying to achieve. The distinction between FWL and "normal" iron ore companies is significant.
http://imagesignal.comsec.com.au/asxdata/20080307/pdf/00820741.pdf
Even with the new shares issued in Dec, Mkt Cap is still incredibly low. I thought it would be interesting to compare the to 20 shareholders today to the list YT posted back in June 2007. The vast majority seem to be in this for the long haul. Including the Zuks and Kopeitka connections. While slightly lower at 66%, top 20 shareholders are still holding 2/3 of the company.
I traded FWL and made a bit of pocket money when it ran in June 07, however I still hold long term as I think the prospects are good and the management seem to be moving ahead with the project in a timely manner.
Perhaps a good opportunity at current levels for long-termers to have another look at FWL? You'd need to be prepared to have it sit in a bottom drawer for a couple of years though. It's close to being at the price level it was when YT first brought it to our attention...
Maz
Re: FWL - Ferrowest Limited
I sense this stock is going to make a good move up soon. It's well and truly bottomed at .25 almost near issue price which is well below its fair value considering all the huge progress the company has made. The sell side is really starting to dry up and the depth in the buys is thickening.
Just now i'm looking at 17 buyers for 262,592 units and 8 sellers for 98,831 units. IMO people are just beginning to realise how undervalued this is.
I sense this stock is going to make a good move up soon. It's well and truly bottomed at .25 almost near issue price which is well below its fair value considering all the huge progress the company has made. The sell side is really starting to dry up and the depth in the buys is thickening.
Just now i'm looking at 17 buyers for 262,592 units and 8 sellers for 98,831 units. IMO people are just beginning to realise how undervalued this is.
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Re: FWL - Ferrowest Limited
very little action in the last month, hovering around 25c which was its issue price; no selling depth, no news, nothing. But iron ore could be flavour of next month given BHP/RIOs negotiations - is ferrowest a sleeping giant waiting to explode?
very little action in the last month, hovering around 25c which was its issue price; no selling depth, no news, nothing. But iron ore could be flavour of next month given BHP/RIOs negotiations - is ferrowest a sleeping giant waiting to explode?
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Re: FWL - Ferrowest Limited
Building a mine is a slow long process...especially when the budget is tight. We all hold this with the view that the project has legs. Continued drilling will sure up resource but the hard part is yet to begin...getting the capital
I dont think much will happen with this stock in the next 6 months..and realy dont mind.
Building a mine is a slow long process...especially when the budget is tight. We all hold this with the view that the project has legs. Continued drilling will sure up resource but the hard part is yet to begin...getting the capital
I dont think much will happen with this stock in the next 6 months..and realy dont mind.
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Re: FWL - Ferrowest Limited
The company have acheived alot, they have firmed up an offtake partner (and possible source of finance) and have continued to expand their target,
They have completed a PFS and have also organised a finance draw down equity raising facility (ingenious if you ask me) and have also managed to place unsecured convertible notes
The directors are in it for the long term as evidenced by them not selling any shares (buying if anything)
And Merchant Pig Iron continues to strengthen,
Glad I've got some bottom drawed, I hope
The company have acheived alot, they have firmed up an offtake partner (and possible source of finance) and have continued to expand their target,
They have completed a PFS and have also organised a finance draw down equity raising facility (ingenious if you ask me) and have also managed to place unsecured convertible notes
The directors are in it for the long term as evidenced by them not selling any shares (buying if anything)
And Merchant Pig Iron continues to strengthen,
Glad I've got some bottom drawed, I hope
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Re: FWL - Ferrowest Limited
FWL have rumbled along in the last fortnight. Touched 39c I think today up 18%. Last few days have the share price up from mid 20s to high 30s. Announcement due out soonish with a resource upgrade.
FWL have rumbled along in the last fortnight. Touched 39c I think today up 18%. Last few days have the share price up from mid 20s to high 30s. Announcement due out soonish with a resource upgrade.
Re: FWL - Ferrowest Limited
recent volumes is the pointer with this stock. historically very few shares traded and tightly held. recent week or so there has been good volume. not day trading but a solid position by someone or perhaps a few heavy hitters. there might not be any announcement for weeks going on response to speeding ticket but someone does not mind and is happy to soak up a position. this bodes well for this steady performer.
I hold fwl - DYOR
recent volumes is the pointer with this stock. historically very few shares traded and tightly held. recent week or so there has been good volume. not day trading but a solid position by someone or perhaps a few heavy hitters. there might not be any announcement for weeks going on response to speeding ticket but someone does not mind and is happy to soak up a position. this bodes well for this steady performer.
I hold fwl - DYOR
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Re: FWL - Ferrowest Limited
FWL has found some DSO at Yogi. See the ASX announcement today.
That could re-risk the development in the shorter term if they can get the DSO operation up and running quickly. Would the be a nice mix with the pig iron production facility.
Interesting development.
FWL has found some DSO at Yogi. See the ASX announcement today.
That could re-risk the development in the shorter term if they can get the DSO operation up and running quickly. Would the be a nice mix with the pig iron production facility.
Interesting development.
Re: FWL - Ferrowest Limited
yeah, I held last year, and now Im back in for a few options with this recent announcement. seems like they are tying up finances over the next couple of months with offtake partners, and now maybe a few megatons of DSO to help the cashflow.
yeah, I held last year, and now Im back in for a few options with this recent announcement. seems like they are tying up finances over the next couple of months with offtake partners, and now maybe a few megatons of DSO to help the cashflow.
Re: FWL - Ferrowest Limited
To me the big news in this announcement is the fact they are going to be doubling the initial production from 0.5M to 1M despite the fact that it means the capital cost will increase to 700M. It shows they are pretty certain they can get the capital needed even in this tight market.....if they weren't sure they wouldn't be taking that bold risk. The ability to raise capital has always been a major criticism of this stock.
Notice how they made the connection in the announcement that the reason they were stepping up initial production was because of interest from the parties they're negotiating with....they sound pretty keen to me.
The Haematite find is the icing on the cake for this stock too.
I cant understand though how this stock is receiving no attention from the market. In my opinion this is grossly undervalued....
To me the big news in this announcement is the fact they are going to be doubling the initial production from 0.5M to 1M despite the fact that it means the capital cost will increase to 700M. It shows they are pretty certain they can get the capital needed even in this tight market.....if they weren't sure they wouldn't be taking that bold risk. The ability to raise capital has always been a major criticism of this stock.
Notice how they made the connection in the announcement that the reason they were stepping up initial production was because of interest from the parties they're negotiating with....they sound pretty keen to me.
The Haematite find is the icing on the cake for this stock too.
I cant understand though how this stock is receiving no attention from the market. In my opinion this is grossly undervalued....
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Re: FWL - Ferrowest Limited
I think nearly 100% of the market is "undervalued" if you ask holders. There are producing miners under 20c...FWL will have its day we just have to wait for the right announcement and the market to be shining.
DSO today was "icing on the cake"!
I think nearly 100% of the market is "undervalued" if you ask holders. There are producing miners under 20c...FWL will have its day we just have to wait for the right announcement and the market to be shining.
DSO today was "icing on the cake"!