China appears to have finished tightening measures designed to shake out illegal structured products. Now stockpiling of iron ore , financed by the banks, can resume to begin the next stage of Chinese infrastructure spending mainly overseas (including OBOR) , but also internal.
So Australia and its iron ore producers remain in an enviable position.
This talk here about accumulation and manipulation is total rubbish. The debt to equity holders have total control and have shown they are prepared to sell as low 1.5 cents if they feel the need to manage their risk, well below fair value, if they stand back then we can be a 5 cent stock very quickly , but who knows what they are thinking and they have literally billlions of shares.
AGO Price at posting:
1.6¢ Sentiment: Buy Disclosure: Held
