WYX - Western Yilgarn

[moneymajix]

Re: IRM - Iron Mountain

Greggy wrote:

Its hard to tell what will move next. Perhaps its best to look at overlooked and cashed up explorers with exposure to the iron ore sector. There aren't many that haven't run. The only ones I can think of are PSP (gold and iron ore exposure) and LML (a diversified explorer with a couple of interesting iron ore projects) which are both on my watchlist. These are just my thoughts. Thanks again Mick.
DYOR

Greggy

Re: Iron ore, I was thinking of PSP too. The other that springs to mind is JMS.


And of course, any other oil/gas co. that makes a significant find.
I will post my oil/gas watchlist for Rocktober on my blog tonight.

 

[mick2006]

Re: IRM - Iron Mountain

Happy that you guys made some good money on IRM when I first posted my research I thought it was a good long term prospect but 300% in a day, didn't see that coming.

There is another forgotten iron ore gem that has been flying under the radar and could well be similar to IRM, when I finished buying up I'll let the cat out of the bag

 

[yuyry002]

Re: IRM - Iron Mountain

wow cant believe this one shot up this high today without no drilling results.

dont forget drilling rules folks.

 

[BIG BWACULL]

Re: IRM - Iron Mountain

wow cant believe this one shot up this high today without no drilling results.

dont forget drilling rules folks.

Don't forget Takeover speculation
Well thats just speculation, what about breaking the rules or going against the trend, Obviously something is up (Other than the price) Is someting afoot :dunno: Maybe the Big boys have come out to Play on Our beloved Iron Mountain :jump: Only time and info will tell, We shall see on the morrow

 

[alankew]

Re: IRM - Iron Mountain

Still cant believe today,sold half my options at 19.5c and missed the top at the time but didnt expect it to carry on up.Cant imagine it can be sustained in the short term unless there is something else afoot.I think another ore explorer LML has a good prospects and dependant on if the market is stable when release results this has potential to run.Has had some good anns including a JV with an Indian company re its Gum Flat project heres the linkhttp://imagesignal.comsec.com.au/asxdata/20070801/pdf/00744811.pdf What i think is particularly pretty is the railway running throught its tenamentThey are currently drilling on the Eyre peninsula so expect some action soon.Apologies for hijacking the thread

 

[YOUNG_TRADER]

Re: IRM - Iron Mountain

Not like the Young Trader to miss out on a stock like this. Just goes to show you how some of the ones that don't look so flash can pull it out of a hat on the day.

one word springs to mind... Ridiculous !

I have never seen such a speculative frenzy before! i keep getting the feeling that it will retract alot after this. I mean the ann wasn't good enough to warrant 300% !

Like I have always said, funadamentals don't mean jack on trading stories, I picked CUL at under 5c because I though it was undervalued, took profits at 9c and 10c, it ran as high as 19c pre the correction, crazy just crazy,

IRM's run today was un-justified, I'm sorry but surface samples mean jack, that doesn't mean it won't run hard tomorrow or keep going to the moon, traders will do as they please,

My biggest strength and weakness is I'm a fundie, I look for fundamentals that demand a re-rating, I didn't see them here (and I still don't) the market obviously disagrees with me as it usually does

Good luck to all holders, I hope you make a million

 

[eMark]

Re: IRM - Iron Mountain

Greggy wrote:




Greggy

Re: Iron ore, I was thinking of PSP too. The other that springs to mind is JMS.


And of course, any other oil/gas co. that makes a significant find.
I will post my oil/gas watchlist for Rocktober on my blog tonight.

I was wondering when someone would bring up JMS.

Young Trader, if you are still online. What is your view on JMS re it's iron ore exposure and in turn it's potential for upside in the SP. If my memory serves me correct, you started the whole JMS thread way back in Feb 2006.

 

[SevenFX]

Re: IRM - Iron Mountain

I'm sorry but surface samples mean jack, that doesn't mean it won't run hard tomorrow or keep going to the moon, traders will do as they please,

My biggest strength and weakness is I'm a fundie, I look for fundamentals that demand a re-rating, I didn't see them here (and I still don't) the market obviously disagrees with me as it usually does

Good luck to all holders, I hope you make a million

YT.

You can't pick 100/100 stocks all the time, everytime so we'll just have to settle for you giving ASF heads up on 99/100 stocks. :

Don't think it''s the market disagreeing with you, more so Traders, as this no normal market move on samples...

SevenFX

 

[powerkoala]

Re: IRM - Iron Mountain

I read twice about the news, and still can't understand why sp flying this high.
it's only sample, not even starting drilling yet. we don't know how deep is the iron, but of course daytrader's heaven rules.
I agree with YT for this. the hype yesterday is really based on nothing, or maybe i was wrong after all.

 

[KIWIKARLOS]

Re: IRM - Iron Mountain

Yeah I think its one of the most retarded situations I've ever seen, the way it looks like it may open it could be well over 400% gain in 2 days!

I mean unless there is some serious insider trading or a hostile takeover who jacks up the price that high for such a speculative stock.

I have a feeling that people are going to get burnt here, they start actually drilling in a couple weeks it could be months until we get some actual results.

Is there project near existing infrastructure or producing fields?

You would think they were sitting on solid iron the way is going

 

[motion]

Re: IRM - Iron Mountain

Hey guys, I want to ask a question and maybe the answer is right in my face... but why did the company not get a speeding ticket yesterday ?

 

[prawn_86]

Re: IRM - Iron Mountain

not ticket as the rise was on the back of a price sensitive ann and there was no suspicious movement before the ann was released

 

[ta2693]

Re: IRM - Iron Mountain

ppl come back to sense and realize the news is just so so. not so much worth exciting. It went down 20% at open.

 

[motion]

Re: IRM - Iron Mountain

not ticket as the rise was on the back of a price sensitive ann and there was no suspicious movement before the ann was released

Thanks Prawn_86 ... Sometimes I get confused on this matter, but it's better than last time when they put the company in a tarading holt for only small news.... =

 

[SevenFX]

Re: IRM - Iron Mountain

Should find some support/resistance at 50c for the moment..

Will see later if she holds above that..

SevenFX

 

[SevenFX]

Re: IRM - Iron Mountain

Any takers what the market will value IRM at the end of selloff, as she seems close to the bottom..Today

 

[surfingman]

Re: IRM - Iron Mountain

I wont consider buying in again until it's close to were the announcement was released oppies .07 - .08 range, I cant see anymore value in the company this week in comparison to last week.

 

[jman2007]

Re: IRM - Iron Mountain

I don't hold this stock atm,

I think ASX surveillance will be keeping a close eye on this, expect some enquiries to be be initiated today/tomorrow re the insane sp movement. Beware of pump and dump people.

Totally agree with most people who have commented on this thread recently, surface rock chip sampling doesn't mean a damn thing, I work in this area, and there is a lot of Fe-Al-rich laterite in the top few meters, plus ferruginous saprolite. Let's wait until they actually commence drilling.

Cheers
jman2007

 

[eMark]

Re: IRM - Iron Mountain

Well the stock finished down 30% for the day at 0.425; but seemed to hang around the 0.45c mark for the most part, before falling 0.03c right at the close (some nervous trading no doubt). Any call on what might happen for this stock for the rest of the week?

 

[greggy]

Re: IRM - Iron Mountain

I don't hold this stock atm,

I think ASX surveillance will be keeping a close eye on this, expect some enquiries to be be initiated today/tomorrow re the insane sp movement. Beware of pump and dump people.

Totally agree with most people who have commented on this thread recently, surface rock chip sampling doesn't mean a damn thing, I work in this area, and there is a lot of Fe-Al-rich laterite in the top few meters, plus ferruginous saprolite. Let's wait until they actually commence drilling.

Cheers
jman2007

You're right. Drilling results matter much more. I'm now out of IRM. IMO yesterdays price action was way over the top. I'm now cashed up awaiting the next opportunity.
DYOR
DYOR