ICU - Investor Centre

[UPKA]

Re: FWL - Ferrowest Limited

arent they suppose to put it trading halt as soon as the report is completed and ready for release? i mean imagine how many hands the report will get thru before the market gets it, e.g. secretary, typist, mail boy!

 

[Sean K]

Re: FWL - Ferrowest Limited

arent they suppose to put it trading halt as soon as the report is completed and ready for release? i mean imagine how many hands the report will get thru before the market gets it, e.g. secretary, typist, mail boy!

Doesn't have to be a 'trading halt' but all sensitive anns go into preopen once the ASX has them. I thought a 35% increase, after the previous days trading would warrant the ASX to ask for another please explain, or even halt them until they had an answer. Very unusual trading on limited anns. Seems the forums have more info on the company than the ASX has to me. Unless of course it's just speculative buying but that doesn't seem the case.

 

[charcoal]

Re: FWL - Ferrowest Limited

Hi this is my first post...
Im in Japan
Just reading some news now...
Its mitsubishi again, building a pig iron processing plant near perth....

Wow

 

[Pommiegranite]

Re: FWL - Ferrowest Limited

Hi this is my first post...
Im in Japan
Just reading some news now...
Its mitsubishi again, building a pig iron processing plant near perth....

Wow

Hey Charcoal...............Do you have a link...in english please? Is Ferrowest mentioned in the report?

 

[UPKA]

Re: FWL - Ferrowest Limited

Hi this is my first post...
Im in Japan
Just reading some news now...
Its mitsubishi again, building a pig iron processing plant near perth....

Wow

have u got a link for this story? or is it js a rumour. i dont think there are many MPI producers around, that could be the reason?

 

[charcoal]

Re: FWL - Ferrowest Limited

Goddam, I am really sorry guys...I was just doing searches...Its old news , about 5 years old..

Just saw the date!

Sorry

 

[Pommiegranite]

Re: FWL - Ferrowest Limited

Goddam, I am really sorry guys...I was just doing searches...Its old news , about 5 years old..

Just saw the date!

Sorry

Good work Charcoal.

I also read that there's an industrial revolution happening in England.....hold on let me check the date

 

[charcoal]

Re: FWL - Ferrowest Limited

Well my first attempt to contribute was a total failure...
I did a search based on pig iron/west australia etc...saw article about how
mitsubishi anounced on the 22nd that they were going to build this pig iron plant....

just happened to be 22 April, 2002.

Please don't beat me up too much.

 

[Pommiegranite]

Re: FWL - Ferrowest Limited

Well my first attempt to contribute was a total failure...
I did a search based on pig iron/west australia etc...saw article about how
mitsubishi anounced on the 22nd that they were going to build this pig iron plant....

just happened to be 22 April, 2002.

Please don't beat me up too much.

No worries Charcoal...welcome onboard....you just caught me at an excitable time.

At least you attempted research....which is what we all want.

 

[charcoal]

Re: FWL - Ferrowest Limited

Thanks pommiegranite,

obviously i got a little excitable myself...
felt pretty stupid for a little bit, but the SP keeps a smile on my face...
sure we will all find out what is going on in a short while.

 

[UPKA]

Re: FWL - Ferrowest Limited

hey guys, i think the SP is starting to settle a bit, the buying frenzy is gone. there could be a late afternoon spike, i think there is the possibility that the company has sent in the annoucement to ASX, so it should be up by early monday morning, fingers n toes crossed!

 

[giss]

Re: FWL - Ferrowest Limited

I got in late & though I had missed the boat. It has just kept going though. There is just not many sellers.

 

[toc_bat]

Re: FWL - Ferrowest Limited

hi all

at the risk making you all yawn,

why is FWLs 25ish% Fe so popular, I remember when YMLs 58% odd Fe was released a lot of people said ho hum was expecting 60%+,

why the huge discrepency, is just that FWL have so much of it? or so close to the surface?

bye all

 

[juw177]

Re: FWL - Ferrowest Limited

This is running too hard and something doesnt feel right so I joined the profit takers when it went over 72c. Might try to get in again if it retraces.

 

[UPKA]

Re: FWL - Ferrowest Limited

hi all

at the risk making you all yawn,

why is FWLs 25ish% Fe so popular, I remember when YMLs 58% odd Fe was released a lot of people said ho hum was expecting 60%+,

why the huge discrepency, is just that FWL have so much of it? or so close to the surface?

bye all

FWL is alot closer to production than YML, and they r producing Merchant Pig Iron which is around 96% pure iron, said to be in high demand. AND its also close to infrastructures n ports. im aiming the re-rating at $100m, which makes it $1!

EDIT:duh ignore this.

 

[YOUNG_TRADER]

Re: FWL - Ferrowest Limited

FWL really is holding up well, but that was to be expected given the news I discovered, anyway just goes to show what a tight share registry can do as a result of the top 20 holding 80%

The stock opened just above 50c today and now there's over 300k on the bid above 50c!

I can't wait to see the chart in 2 weeks time to see just when and where it consolidated

It opened at 55c, now there's 650k+ above 55c!

I really think the run will continue, there's continued buying and the sellers are absent!

Mate of mine who is a broker in Perth just called me and said get into FWL today! Huh? What am I missing?

Was he from Pato's or Hartleys?
LOL

 

[mick2006]

Re: FWL - Ferrowest Limited

FWL is alot closer to production than YML, and they r producing Merchant Pig Iron which is around 96% pure iron, said to be in high demand. AND its also close to infrastructures n ports. im aiming the re-rating at $100m, which makes it $1!

EDIT: Sorry i forgot to mention that they have the backing of Malaysian firm Lion Group.

Sorry to correct you UPKA it is POL that has the backing of the large Malaysian Lion Group.

But you are certainly correct in saying that Pig Iron is in increasing demand.

 

[UPKA]

Re: FWL - Ferrowest Limited

Sorry to correct you UPKA it is POL that has the backing of the large Malaysian Lion Group.

But you are certainly correct in saying that Pig Iron is in increasing demand.

hahaha must've got my head mixed by all these excitment... my statement has been corrected. thanks buddy

just to give POL a mention here, its Poondano is in a more advanced stage than FWL, will be in production soon. im keeping it closely under my radar.

 

[Caliente]

Re: FWL - Ferrowest Limited

haha yes, I've picked up a roll of the POL as well!

Iron Ore is going ballistic - why not enjoy the ride while Yellowcake takes a breather =)

 

[Ruprect]

Re: FWL - Ferrowest Limited

haha yes, I've picked up a roll of the POL as well!

Iron Ore is going ballistic - why not enjoy the ride while Yellowcake takes a breather =)

Its amazing isnt it to watch which commodity is running hot in which week. A couple of months ago it was Uranium, then copper, then nickel, now its iron ore. Then again, you could say they have all been running hot, its just a matter of picking which one runs hotter than the rest in which week. If Fission had of listed 3 months ago, it probably would have opened close to $1. Had to settle for 26 cents. Throw Iron Ore or Tin on to the market now is probably the way to go.

I didnt think FWL would run all day, only took a couple of very minor breathers and finished strongly. I took a little bit profit, now free hold and then some, which isnt bad for a week. And i actually didnt need to sell that many to freehold. So thanks again YT! Seriously.

Has something really leaked or is it just speculation in the lead up to the announcement? The volume, whilst high for the stock, isnt extraodinary, but i suppose maybe thats what happens when a stock is tightly held, and sellers are thin.

Whatever happens, given that the announcement should be out in the next week, in theory there shouldnt be much of a retrace, with the possibility that the sp could hit an even higher mark.