Iron ore price, page-2087

Beyond laughable this post.

Savvy hedging strategies??? They lost $17mil last quarter on their savvy hedging strategies!!

I believe AGO is still profitable and banking dollars. Are you sure??

it will profit from its diversication JV. When??

We're nearing IO bottom here as at these prices China is again running at loses. China is running at loses?? What are you talking about.

IO inventories I bet are already on their way down as China closes uneconomical domestic producers. IS this the same bet you are making for AGO to go up in the last few months?? If you have followed your own posts you have at a minimum halved any invested capital.

As the IO price moves back into its LT range (inevitable) AGOs profits will ramp up with it. For once, correct, but when?? Why invest now in AGO when there is no foreseeable bottom except a guess.

In dark times like this opens up doors of opportunity. Good luck all. Words of wisdom here.


GL. You needed it.