Fro awhile now something didn't seem right. Most of the analysis seen so far for BHP/RIO/FMG/AGO iron ore all assumes steady state movement in price, either up or down. Did the analysts gave serious thought to periods of fluctuating demand whether demand rushes in or demand is non-existent for more than 3 month period.
PS The last two Dalian trading sessions (including today) iron ore price at limit-down, that bargain price ($3, $2.5, $2, $1.9, $1.8) only gets better with time. In hindsight the company probably should have held back dividend to repay debt (10% interest......)
Iron Ore Price, page-357
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$20.38 |
Change
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| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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