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 > Why so many Bids?

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Comment by fibonnacion Apr 20, 2017 9:50pm

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Post# 26146728

RE:Why so many Bids?

many institutions trade shares for zero commision so they will make money... you are right, this bid shows that the market has 100% confidence in the offer... if there was a big short position (which there isent in ird) that would also create buying at this point... the only issue will become if the price goes above 4.25$ or well below but that looks totally unlikely too... glta

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