RE: Bonker9929 May 2016 21:21
But there's more mate cos while us techies love a quick 4x bagger before, inevitably, disappearing in the pumpkin carriage that brought us to the party, if that ain't yer MO then try this on for size:
The 1 > 12 > 23 move targets the horizontal target @ 45p which just happens to be the 61.8% Fib retrace from the 72p top ...
There's *massive* triangulation on the long term chart about to show itself imo all based on the fall from 72p so, imo, if you're a buy and hold for 3-4 years kinda guy then you're looking at a possible 15-25x return if you buy at 3s today ...
These sort of plays are attracting more and more sticky money from me as I get older lol and the reason I'm buying into the uber high risk/reward play at the other iron ore play over in Guinea (ore +50% since Dec...) is because of the potential for these kind of returns if you're patient enough to stick it out ...