all thats happening is that dum-@ss traders looking for a quick buck have switched outta Uranium and in2 iron ore.
Look what happened to all the U stocks
Iron ore is less speccy than U thats for sure, but i see so much blabber on forums re iron ores that I know 100% that all these stocks are swarmed with traders whom at some point in the future will take their profits and the investors will suffer yet again.
market caps of many iron ores are in bubble territory- many companys already trading at forward PEs of 10 or over based on the first few years production.
Be careful and ride these up but know when to exit too.
AGO Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held