This is one area where I feel Nev and Twiggy is deliberately making it obscure to give the market a run around. Markets hates uncertainty and it has now looked at the cold hard facts and decided that there is no easy horizons given the situation of China etc..
I wanted the pull the trigger many times as an investment, not a trade, but I am not comfortable with the way cost has been intimated and if you take away such a large debt then the fundamentals are different. Should they provide a divvy under such stressed out events unfolding in China?
The only option now is through put at the expense of grade to make up the numbers for survival. But at least they have a 2Bil cash reserve.
Iron Ore Price, page-4545
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$22.56 |
Change
0.460(2.08%) |
Mkt cap ! $69.53B | |||
| Open | High | Low | Value | Volume |
| $22.41 | $22.64 | $22.22 | $56.01M | 2.491M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 6986 | $22.55 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $22.56 | 12296 | 19 |
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