We need to consider the total iron ore purchased annually by China. The GDP growth rates are compound year on year so a fall in growth rate can still represent an increase in the total tonnes imported.
Happy to hold and looking to average down at some point.
I used to buy on value. I now need to convinced that the share price is sheer madness. Manipulation makes it difficult to know where your downside is limited. Actually bad for the market because to me this represents a lack of confidence which is fundamental to the success of the market.
Guess they will rip all the private investors off then start on our super holdings.
HJ
AGO Price at posting:
86.0¢ Sentiment: Hold Disclosure: Held