People have lost a lot on this one but at these levels in a month or two you could see a nice 30-50% recovery, there will of course be a big sell off if it does bounce. I got in at 100 with quite a bit, going to either break or make me.
See articale published today.....very intresting and their financials are due early next year where thaey are expecting >100% once again even with the lower Ferrochrome prices. Yes this is a share that has taken a beating but if you compare it to WEZ, where they do not have income generating operations you wonder why people are putting money there and not here. Also same happened with PAN, where their share price dropped from 300 to 55, but they are very small scaled gold miners. MRF is serious going to make alot of pacient people rich as it has done before. www.miningmx.com/mining_fin/437589.htm
maybe that explains the volumes on the sell side.. also foreign currency investors who have taken a beating might be unwinding their positions... should pick up once dollar starts to lose some steam (when china starts selling the currency off hehehe)OMHO
Definitely strong support and resistance at 0c, but I bet even at 0c you will still have individuals trying to give mouth to mouth to a rotten carcass. Why people stick to old winners like ***** to a blankly just goes beyond me.