Rather you than me. Shorting in its current position..
Iron ore prices have stabilised. Coal is on a slowdown, but expansion is still happening. Iron ore prices are still a bit dicey over RIO, and BHP still expanding, but much of that expansion is on a go slow.. And the amount of ore required is always increasing.
I have no doubt there are positives in Bradken with either a merger or takeover, but it won't be in the next 6 months..
My money could be working for me elsewhere, will c what it's like in a week, but I think initial reaction was harsh (share price, not mine). And it will come back slowly. Especially with EOFY selling coming to an end..
Time will tell.
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