Iron Road Ltd T.IRD

Primary Symbol: IRNRF

Steel Steel

Iron Road Limited is an Australia-based mineral exploration company. The principal activity of the Company includes exploration and evaluation of the iron ore interests at the Central Eyre Iron project in South Australia including pursuit of business development opportunities associated with the Cape Hardy port site and industrial precinct. The Company’s projects include the Central Eyre Iron project and Gawler Iron project. The Central Eyre Iron project is located on the Eyre Peninsula of South Australia and is a collection of three iron occurrences, such as Warramboo, Kopi and Hambidge. The Gawler Iron project is in South Australia, located along the eastern margin of the Great Victoria Desert some 200 kilometers southwest of Coober Pedy. The Gawler Iron project area covers 3380 square kilometers (km2) and includes over 10 areas of known iron occurrences, including the Mt Christie deposit. Its subsidiaries include IRD Port Assets Holdings Pty Ltd and IRD Port Assets Pty Ltd.

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Iron Road Ltd > Thoughts

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Comment by microcaphobbyon Mar 06, 2017 3:35pm

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Post# 25939332

RE:Thoughts

This is the normal retracement. It is also possible that the selling is by desing in order to facilitate a block trade at a lower price-- say just above 3.00. The stock will price will exceed the old high beofr long. My guess si that if the 1st q is much better than the 1st q last year then that will demonstrate that earnings are growing. .

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