short covering - as sp heads north, page-39

Great rally, I am hugely relieved.

Plenty of long buyers coming in.

OST is now extremely sensitive to the IO price going fwd. Above $140/T and the mining segment profits remain strong to cover the steel segment losses and to pay down some debt. Too much below $140$/t and the debt will hang around like a millstone.

That is why this really has polarised everyone on the HC thread.

OST's Mining consumables and scrap segments will be bit players in this titanic balance between steel and mining segments.

As such OST is very dependent on PRC. Come on PRC , keep the demand up for IO.


Good luck to all holders.

Full-tilt