I'm in for the long haul and believe that BCI will make a full recovery. Analysts love bad news - it sells papers. Two years ago they were prattling on about how iron ore wouldn't go above $40/T for the next decade.
Nobody can predict the future however we can be sure that iron ore will always be in demand. China is not the only emerging economy with a vast population and when you think about how many goods and services depend upon iron ore, there will always be a market. I think the iron ore players have weathered the worst and are coming out the other side now. The BCI yearly chart is still in a confirmed uptrend with higher lows. It may take some time but we are at least heading in the right direction.
BCI news, page-2
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Last
25.5¢ |
Change
0.010(4.08%) |
Mkt cap ! $735.5M | |||
| Open | High | Low | Value | Volume |
| 25.0¢ | 25.5¢ | 25.0¢ | $39.04K | 156.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 225931 | 25.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 25.5¢ | 100632 | 5 |
View Market Depth
| Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
| BCI (ASX) Chart |