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Re: FWL - Ferrowest Limited

Got into the oppies (FWLO) today for a quick trade in at 42 and out at 47. Made a profit of $475 so I am happy to walk away now. It really has run very hard.
 
Re: FWL - Ferrowest Limited

Stop_the_clock said:
Got into the oppies (FWLO) today for a quick trade in at 42 and out at 47. Made a profit of $475 so I am happy to walk away now. It really has run very hard.
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Tried to pick up the oppies late yesterday at 29c but too ambitious and missed out.:banghead: However, figured this was a "must have" stock so made a belated entry late today at 44c. If it retraces, no worries, it will be a chance to top up. regards YN.
 
Re: FWL - Ferrowest Limited

On the move again this morning. I was a bit worried that my trade hadn't closed out on Friday at 74c but now it's gone through and the sp continues up with bugger all on the sell side.... I almost feel duped for selling.
 
Re: FWL - Ferrowest Limited

They are going great guns - and no announcement as yet either!
I was lucky enough to get in at mid-20's, and then I thought I was too late.
Here's hoping market sentiment stays positive after announcement is released.
Iron ore is hot at the moment - look at POL today as well.
 
Re: FWL - Ferrowest Limited

YOUNG_TRADER said:
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!
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And so it has, amazing, simply amazing, it looks to have slowed for today, but it may continue to charge up tomorrow like it has over the last few days

I'd expect $1 to provide resistance, (you'd think)

Anyway, so people don't lose sight of the fundamentals when making decsions here they are below,

Research, analyse and decide for yourself :)

YOUNG_TRADER said:
$200m p.a. US = $250m p.a. AUD (US/AUD 80c)
30 yrs = Gross Cash Flow Total of $7.5Billion

Still I prefer to work with the EBIT of $150/t for 500kt's for 30yrs
= $150 x 500,000 x 30 = $2.25Billion Total EBITDA

Thus I estimate an intial NPV of say $1Billion
The depsoit is most likely to double or tripple in size after speaking to the Chairman, as the intial JORC is from 6-9kms of a total 27-30kms

With Iron Ore unlike others, I think it deserves a higher % of potential NPV due to the fact that Iron Ore/Pig Iron is more stable and is far easier to get funding for, ie Chinese, Japanese, Koreans etc so I'd say 10% of NPV would seem reasonable = $100m = $1.20c FWL




What my broker said was after the PFS if it ALL STACKED UP, IE NPV $1Billion THEN AND ONLY THEN would a 10% of possible NPV seem reasonable/cheap,


I must emphasise I can't believe how well its held up, the really goes to show that holders are not selling and buyers seem to be holding, from what I gather those on ASF who play stocks for a 'quick buck' got out yesterday,

I firmly believe that this stock tick's all the boxes to being a solid development story, if you cast your eyes over the beginings of MMX, GBG, MIS, TFE, AGO or even MGX they all started from humble beginings but in hindsight had the potential to become what they have now,

I will be very surprised if the stock doesn't reach $1 within the next 3 months as I expect the PFS to deliver the goods
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Re: FWL - Ferrowest Limited

The performance is so crazy last week that I doubt the buyer is professional trader. Anyway, I am out and made a decent profit in a week. Thank you very much YT.
 
Re: FWL - Ferrowest Limited

ta2693 said:
The performance is so crazy last week that I doubt the buyer is professional trader. Anyway, I am out and made a decent profit in a week. Thank you very much YT.
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well done...I really hope you've found something better to plough your profits into.

I can't find any...so I'll stick :D
 
Re: FWL - Ferrowest Limited

This stock continues to impress. Although the highs today were tempting, i held, i think the interest will be even greater when the jorc resource comes in. Still only 2 million shares traded. A JORC resource should put more pressure on the stock, given there are so few shares on offer, potentially forcing it closer to that $1 mark. Well, thats my opinion anyway.
 
Re: FWL - Ferrowest Limited

Ruprect said:
This stock continues to impress. Although the highs today were tempting, i held, i think the interest will be even greater when the jorc resource comes in. Still only 2 million shares traded. A JORC resource should put more pressure on the stock, given there are so few shares on offer, potentially forcing it closer to that $1 mark. Well, thats my opinion anyway.
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watching this stock is no diff to the waves at Bondi. when a big purchase order is filled, u'll see a wave of investors rushing in to buy, pushing the Sp to a record level, and when someone sells, everyone else starts selling too... very volatile, bt still close in a positive note seeing the rest of the market is down, and metal prices r weak. definitely holding for the announcement.
 
Re: FWL - Ferrowest Limited

is it possible that the ann has already been factored into the share price? due to how much it has risen lately.

could we see fairly unimpressive trading when the ann comes out, or will it bring this stock to the attention of more people? and therefore cause a further rise
 
Re: FWL - Ferrowest Limited

prawn_86 said:
is it possible that the ann has already been factored into the share price? due to how much it has risen lately.

could we see fairly unimpressive trading when the ann comes out, or will it bring this stock to the attention of more people? and therefore cause a further rise
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from YT's analysis, at the current level, the market cap should be be around 50m (60c) minimum, some broker has quoted 100m ($1.20), and thats pre JORC. so i believe the Ann will push it a lil higher, depending on the outcome.
 
Re: FWL - Ferrowest Limited

Agreed, if the estimation is correct, we may yet be still undervalued.

I also think, (and this is only my opinion, happy to stand corrected), that there is often not a great deal of factoring when it comes to small cap, spec stocks. Its a little too sophisticated certainly for the short term holders anyway. Long term may be different.

If a good announcement comes, people generally will want the stock and will push it up from its previous close. Some of them just playing by the day/days, some of them buying for a longer hold.

I think the resource ann, with a potential for an even higher resource down the track, combined with the pre feas in a few weeks will lead to some good trade in this one over the coming weeks.
 
Re: FWL - Ferrowest Limited

The stock's had a stella run! A day of consolidation is always epected. Had a new high thrown in for good measure!
 
Re: FWL - Ferrowest Limited

giss said:
The stock's had a stella run! A day of consolidation is always epected. Had a new high thrown in for good measure!
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I put today retraction/consolidation to day traders from Friday that were expecting the ann to come out today for some quick cash.
 
Re: FWL - Ferrowest Limited

hey guys, can a chart guru post a graph up? what price are we looking at for resistance? it all seem like a bubble to me, might burst if someone decided to sell big...:confused:
 
Re: FWL - Ferrowest Limited

UPKA said:
hey guys, can a chart guru post a graph up? what price are we looking at for resistance? it all seem like a bubble to me, might burst if someone decided to sell big...:confused:
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Then I suggest you take some profits,

I'm waiting for the JORC to see how the mkt takes it, I see support at 55c and 70c-75c resistance 95c-$1

Working hard guys to find the next fundamentally undervalued Iron Ore Gem
 
Re: FWL - Ferrowest Limited

YOUNG_TRADER said:
Then I suggest you take some profits,

I'm waiting for the JORC to see how the mkt takes it, I see support at 55c and 70c-75c resistance 95c-$1

Working hard guys to find the next fundamentally undervalued Iron Ore Gem
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hi YT

i assume you mean 55c support for FWLO, and 70-75c for FWL or are you saying support somewhere in the band of 55-75c for FWL?

bye man and thanks for sharing your research,
 
Re: FWL - Ferrowest Limited

the sell off was by small players in very small quantity, i think they have lost patience, with a positive annoucement, i can see the SP hitting the high 90s again. might hold on till after teh ann.
 
Re: FWL - Ferrowest Limited

I still hold as well...plan on holding half till after this weeks announce and the other half till after feas study announce and perhaps beyond that....this is where i often make the mistake of selling ALL my stock on a quick profit without contemplating the full implications and growth possibilities of a fundementally well positioned company especially when i know how much money the majors like Rio/FMG and BHPB are still ploughing into expansions...and i also know that there are currently studies under way which take their expansion projects even further that won't be finished until 2011. Surely with these current and long-term expansions these 3 majors know that the need for iron-ore is expected for a long and strong time to come yet. Any small projects that get of the ground that have the dirt that Asia needs will surely also thrive if their infrastructure costs can be kept down.
 
Re: FWL - Ferrowest Limited

YOUNG_TRADER said:
Then I suggest you take some profits,

I'm waiting for the JORC to see how the mkt takes it, I see support at 55c and 70c-75c resistance 95c-$1

Working hard guys to find the next fundamentally undervalued Iron Ore Gem
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I am buying in @76. And will hold and make profit. Thank for Y_T's hard working:). FWL is a gold stock.
 
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