ARI 0.00% 2.2¢ a.c.n. 004 410 833 limited

iron ore up 8.96% to $115.42, page-5

  1. 877 Posts.
    More good news. Thanks for posting it and the link so people can go and check for themselves.

    Don't think we can expect iron ore prices in the 160s again however range trading around 120 seems plausible. Or about 65 per tonne profit for ari. More if RBA drops rates again and aud falls below parity with usd

    Wonder if Emily the ib will reduce her price target further below the Koreans opportunistic 75c bid or if that half wit journo will write another article forecasting calamity for ari. Thank goodness I can read financial statements and think for myself.

    Even those that believe in charting over fundamental analysis should see the upside here.

    Glta
 
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