iron ore price!

62% Fe fines: US$ 138.6 /dry metric tonne (+0.7%)

62% Fe fines: AUD$ 154.16/dmt


It seems to me that perception is everything and when you have Commsec, the ABC and every other news source saying it
was a bad report, it doesn't matter how good we think it is.

All I would say is the revenue stream is still strong and getting stronger!
The change in government will be good for AGO also the next quarterly may surprise on the upside.(If it doesn't the companies dead in the water)

I don't know how kind next week will be for AGO but if Iron Ore makes another run for it, it could make a big difference.

Today it is up!

Probably won't stop AGO going down Monday that's why I'm sitting this one out at the moment, until we get a clear signal from the market.

Good Luck to everyone anyway, I hope next week you have to fend off a hostile "take over" upwards of $4bucks .lol