ICU - Investor Centre

[krisbarry]

Re: FWL - Ferrowest Limited

Whoops....down she goes... many are now sitting on losses, and with tax loss selling going on I reckon we will see FWL finish much lower over coming days

 

[UPKA]

Re: FWL - Ferrowest Limited

Whoops....down she goes... many are now sitting on losses, and with tax loss selling going on I reckon we will see FWL finish much lower over coming days

well the ann is due anyday now, only 3 working days till July, so has to be this week. and that'll change everything.

 

[YOUNG_TRADER]

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.

Whoops .... looks like someone sold out way to early for such a tiny profit ... lol ... now looks like someone is envious of current levels

Whoops....down she goes... many are now sitting on losses, and with tax loss selling going on I reckon we will see FWL finish much lower over coming days

Many are sitting on losses? What planet are you from, most on ASF had the priviledge of buying under 50c, most really at 25c-32c

 

[Fool]

Re: FWL - Ferrowest Limited

Whoops....down she goes... many are now sitting on losses, and with tax loss selling going on I reckon we will see FWL finish much lower over coming days

http://www.hotcopper.com.au/post_thread.asp?fid=1&tid=500321#1900702

I think this deserves a ban for downramping.

I would have ignored it had you only posted it once, but posting it across many boards it's obvious that your only intention is downramping this stock.

 

[ta2693]

Re: FWL - Ferrowest Limited

There is no point of ramping here. I find the power of ASF member is very limited. Most of us are only small potato.

 

[YOUNG_TRADER]

Re: FWL - Ferrowest Limited

http://www.hotcopper.com.au/post_thread.asp?fid=1&tid=500321#1900702

I think this deserves a ban for downramping.

I would have ignored it had you only posted it once, but posting it across many boards it's obvious that your only intention is downramping this stock.

Thanks Fool, so Stop the Clock your Krissbarry? lol you are so so sad my friend so so sad,

You made $500 day trading this stock, yet you have been bagging it from day 1 when it was 20c, this is why guys like me make more in one day then guys like you make in 1 yr, here's some finanacial advice for you stoppy, don't give up your day job because your going to need it!

I apologise to the rest of ASF for this post, but I had to get it off my chest, guys like Stop p1ss me off something shocking,

All he's done is down ramp the stock from day 1, yet he did in fact trade it, he provides no fundamental analysis,

 

[Ruprect]

Re: FWL - Ferrowest Limited

Got to agree fool. Im not quite sure who would be selling down for a loss, when the announcement of JORC is due before the end of the fin year. So why sell over the next few days for a TAX loss, when you could make a potential gain, realised in the next fin year, thus not taxable for another 12 months. People always overestimate the benefits of a tax loss.

And the most important point, as picked up by YT, is that most people who are in FWL are sitting on a very healthy gain. The only time it has hit above the current sp was briefly on Friday, and much of yesterday. With a total of just over 2mil shares traded yesterday, and most of them looking at a potential rise in coming days, there wouldnt be very many who have these shares at a loss, and those that do probably dont want to sell in the short term.

 

[nomore4s]

Re: FWL - Ferrowest Limited

Whoops....down she goes... many are now sitting on losses, and with tax loss selling going on I reckon we will see FWL finish much lower over coming days

lol, you make me laugh STP, the stock is down by a whole 2% and the oppies a whole 5%, after the stock trippled in a week and a bit. There was always going to be some sort of pullback after running so hard.
Is this like the May correction? You're out so you want it to crash to justify you being out? Typical if you can't have it no one else should either!

I don't think too many of the people that brought in at higher levels are going to sell out before the ann, I'm sure they have reasons for purchasing and I don't think those reasons have changed just yet.

 

[Joe Blow]

Re: FWL - Ferrowest Limited

Whoops....down she goes... many are now sitting on losses, and with tax loss selling going on I reckon we will see FWL finish much lower over coming days

Kris, consider yourself warned. Your post is a clear, unashamed downramp with no detail or attempt at any kind of analysis. I would remove it but it has been quoted so many times it would be pointless exercise.

Needless to say, I do not want to see any more of these kind of posts out of you. Go post it at HC instead.

 

[INORE]

Re: FWL - Ferrowest Limited

Hypothesising.....if u're company had a positive announcement would there be any company SP benefit if you were to release it a day or so before the end of fin year or would you release it on new years eve? and vica versa...if it was a negative announcement... any thoughts????

 

[Awesomandy]

Re: FWL - Ferrowest Limited

Im not quite sure who would be selling down for a loss, when the announcement of JORC is due before the end of the fin year. So why sell over the next few days for a TAX loss, when you could make a potential gain, realised in the next fin year, thus not taxable for another 12 months. People always overestimate the benefits of a tax loss.

I do that sometimes for some of the losses. Although, for quality stocks, I buy them straight in again immediately, at pretty much the same price. Sometimes, paying the brokerage is better than paying the tax in the current year (but that, of course, is for each individual to work out).

 

[alanding]

Re: FWL - Ferrowest Limited

So tiny in volume. I don't think it will recession. Just some un-patient holders want a tiny profit. Patient is a virtue

 

[Pat]

Re: FWL - Ferrowest Limited

Kris, consider yourself warned. Your post is a clear, unashamed downramp with no detail or attempt at any kind of analysis. I would remove it but it has been quoted so many times it would be pointless exercise.

Needless to say, I do not want to see any more of these kind of posts out of you. Go post it at HC instead.

Joe, I'd just like to thank you and all ASF mods etc for keeping this place real. There is no comparison to other forums such as HC. Which is a disgrace!

FWL has held surprisingly well, I'm holding, finding it hard to sell so close to ann. As per depth it looks as though some are taking profits, but there are many buy orders waiting in the high 60 cent range. Dosn't look like anyone wants to sell under 70 cents, only a few thousand sold around that level this morning.... Waiting impatiently

 

[Caliente]

Re: FWL - Ferrowest Limited

Didn't think I'd have to come back to post so soon, but the recent movement has been phenomenal really.

That run to 93.5 was a false start - real HC action there, but once this JORC/study comes out (?positive) then we should easily have the impetus and motive for a 10% NPV valuation or ~100mill.

Although resistance is going to be tough at a dollar, a breach should see FWL settle in the 1.20/1.30's, sooner rather than later.

Cheers
-Cali

 

[Sean K]

Re: FWL - Ferrowest Limited

Although resistance is going to be tough at a dollar, a breach should see FWL settle in the 1.20/1.30's, sooner rather than later.

Cheers
-Cali

Speaking of HotCopperish Cali, where do you get the 1.20-1.30 target from. Seems a bit 'hot' to me 'Cali'.

Sorry if you have produced the figures for this valuation previously.

 

[UPKA]

Re: FWL - Ferrowest Limited

Speaking of HotCopperish Cali, where do you get the 1.20-1.30 target from. Seems a bit 'hot' to me 'Cali'.

Sorry if you have produced the figures for this valuation previously.

I think he took YT's valuation of $50m mkt cap @60c, so $100m mkt cap is $1.20. depending on the annoucenemtn, bt i think the current SP has incoporated that into the the price already, so we dont see the huge jumps as we have over the last few days.

 

[Fool]

Re: FWL - Ferrowest Limited

Thanks Fool, so Stop the Clock your Krissbarry? lol you are so so sad my friend so so sad,

You made $500 day trading this stock, yet you have been bagging it from day 1 when it was 20c, this is why guys like me make more in one day then guys like you make in 1 yr, here's some finanacial advice for you stoppy, don't give up your day job because your going to need it!

I apologise to the rest of ASF for this post, but I had to get it off my chest, guys like Stop p1ss me off something shocking,

All he's done is down ramp the stock from day 1, yet he did in fact trade it, he provides no fundamental analysis,

Krisbarry / stop_the_clock you have lost all credibility here and on every other forum.

Give up your games - no one will bother listening from now on.

 

[YELNATS]

Re: FWL - Ferrowest Limited

Thanks Fool, so Stop the Clock your Krissbarry? lol you are so so sad my friend so so sad,

You made $500 day trading this stock, yet you have been bagging it from day 1 when it was 20c, this is why guys like me make more in one day then guys like you make in 1 yr, here's some finanacial advice for you stoppy, don't give up your day job because your going to need it!

I apologise to the rest of ASF for this post, but I had to get it off my chest, guys like Stop p1ss me off something shocking,

All he's done is down ramp the stock from day 1, yet he did in fact trade it, he provides no fundamental analysis,

Thanks YT for this post, I've not seen you hot under the collar before, but it was entirely appropriate.

Along with many others I've invested in FWLO after reading ASF and research elsewhere. It's hard enough to make a quid out of stocks without skulduggery of this type. May I take this opportunity to say how much I've appreciated the thoroughness of your research and your unselfishness in sharing it with us. regards YN.

 

[YOUNG_TRADER]

Re: FWL - Ferrowest Limited

Thanks YT for this post, I've not seen you hot under the collar before, but it was entirely appropriate.

Along with many others I've invested in FWLO after reading ASF and research elsewhere. It's hard enough to make a quid out of stocks without skulduggery of this type. May I take this opportunity to say how much I've appreciated the thoroughness of your research and your unselfishness in sharing it with us. regards YN.

Thanks Yelnats, my only regret with FWL was it ran way too soon and so firstly I was not able to get my position and secondly ASF'ers couldn't either, but I continued to buy up at 30c-35c once it had risen 50-75%


FWL has held up amazingly well if you consider it has risen 300% since last week, the mkts reaction to the JORC will be very interesting, it will determine the direction for the next 2 weeks until PFS comes out IMO

 

[YOUNG_TRADER]

Re: FWL - Ferrowest Limited

Ferret's Stock to Watch: FERR0WEST LIMITED
10:00, Tuesday, 26 June 2007

WA EXPLORER WORKING ON FEASIBILITY T0 PRODUCE PIG IRON

Sydney - Tuesday - June 26: (RWE Aust Business News)
****************************************************

OVERVIEW
********

Ferrowest Ltd (ASX:FWL) is developing a project aimed at
producing merchant pig iron from iron resources in Western Australia.
Initial production output is expected to be in the range of
500,000 to one million tonnes per annum of high-grade merchant pig iron
in a physical form suitable as feed for electric arc and basic oxygen
furnace steel making.
The project location in Western Australia with its low sovereign
risk, low-cost energy and existing transport infrastructure facilities
will ensure that Ferrowest will be a reliable exporter of iron units for
steel manufacturers in the Asian region.
The primary focus of Ferrowest is the proposed Yalgoo iron
project.
This project aims to investigate, and if feasible, develop a
500,000 tonnes per annum merchant pig iron production facility in the
midwest of Western Australia.
Possible product lines include iron concentrates, hot briquetted
iron (HBI) and merchant pig iron (MPI) in the form of ingots, granules
or nuggets depending on the technology chosen.
The business plan envisages:
* The mining of 2.4 million tonnes per annum of magnetite from
the Yogi iron mineralisation, located 14km east of Yalgoo and 233km from
the Port of Geraldton;
* Beneficiation of the magnetite ore to produce 770,000 tonnes
per annum of concentrate; and
* Conversion of that concentrate into 500,000 tonnes per annum
of value-added iron product using available or emerging technologies
The Yalgoo iron project has solid project fundamentals,
combining:
* Location - proximity to a port and relatively short shipping
distances to Asia;
* Infrastructure - existing key infrastructure;
* Proposed Process - one of several merchant pig iron-making
technologies;
* Proposed product - high-grade, high 'value in use' merchant pig
iron;
* Proposed markets - proximity to growing markets for alternate
sources of iron;
* Potential project lifespan - a large potential magnetite iron
mineralisation; and
* People - an experienced, multi-disciplined team.
Ferrowest has reported that in Phase 2 drilling results (in-fill
drilling), it has been consistent with Phase 1.
First representative iron ore concentrate will be sent to Japan
this month for testing as the pre-feasibility study on Yalgoo iron
project progressing towards completion.
Meanwhile the market for merchant pig iron remains strong.
Ferrowest reported last month that the Phase 2 drilling program
at Yogi consisted of 26 RC holes (including diamond precollars) for a
total of 4,320m and eight diamond holes for a total of 953.1m.
Work is currently underway to produce the first identified
mineral resource estimate classified and reported in accordance with the
JORC Code for the Yogi tenement.
This work should be completed this month and will underpin the
iron ore requirements for the Yalgoo project.
The company is currently preparing the first representative iron
ore concentrate from the Yogi deposit for dispatch to Japan for testing
in both the ITmk3 and FASTMET/FASTMELT merchant pig iron making
technologies.
Ferrowest is continuing to advance the work on the
pre-feasibility study.
While most aspects are well advanced, the high demand on
laboratory time in Western Australia at the moment due to the resources
boom has delayed completion of the study, which is now expected to be
finalised in the next quarter.

SHARE PRICE MOVEMENTS
*********************

Shares of Ferrowest yesterday rose 3.5c to 75c. High for the
year is 93.5 and low 17c. The company has 25.7 million shares on issue
with a market cap of $19.3 million.
On June 20, Kobe Steel (the developer of the ITmk3 iron making
technology) and Cleveland Cliffs said they had struck a deal that will
see the first full scale ITmk3 plant built in the USA.
The ITmk3 technology is the preferred technology of four
possible processes being considered by Ferrowest.
Ferrowest welcomes this development as a positive step toward
the commercialisation of the ITmk3 technology.
The ITmk3 technology produces merchant pig iron (MPI) in the
form of 96pc Fe iron nuggets that are very easy to handle, store and
transport.
It is also a premium product for end users (primarily electric
arc furnace steel makers) due to its very low contaminant levels and
high storage density.
The MPI price C&F in South Korea/Japan for June is $US395 per
tonne which is 30 per cent higher than the long-term price assumptions
used by Ferrowest in its Scoping Study for the Yalgoo project in
December.
Ferrowest plans to produce 500,000 tonnes per annum of MPI from
Yalgoo.
The company remains very confident about its strategy to target
MPI as its primary product and believes that developments in the world
steel market are continuing to vindicate its business plan.
Ferrowest still expects to release its first resource estimate
for the Yogi iron ore deposit before the end of this month.
Also, the company expects the pre-feasibility study to be
completed before the end of July.
The Yogi iron ore deposit underpins the proposed Yalgoo iron
project.
Following the release of regional aeromagnetic surveys by the
Department of Industry & Resources, the company identified a possible
extension of the Yogi deposit to the north of its existing granted tenure
and has applied for an exploration licence over the area
that is contiguous with its current tenement package.
This has the potential to add about 3km to the existing 27km
strike length at Yogi.

BACKGROUND
**********

Ferrowest Ltd joined the ASX list in July 2006.
The company has been developing the Yalgoo iron project, aimed at
producing merchant pig iron from the Yogi magnetite mineralisation near
Yalgoo.
Proposed initial production is 500,000 tonnes per annum.
The plan to process the iron ore to pig iron on the mine site is
premised on emerging mine site-based technologies and excellent existing
infrastructure servicing the site.
The resulting value-added merchant pig iron product will be a
relatively high-margin, high-quality, low-volume product for export to
electric arc and basic oxygen furnace steel making plants worldwide.
ENDS