Like I posted yesterday, I think some instos may have started to cotton onto this of late and may have pushed the price up in their endeavours to increase their positions ?
We should see our share price start with a 12 today me thinks and if the heavy rains in Brazil cause any further disruptions it could support further rises in the IO prices ...
Like @defabs and others have pointed out a few times, the effects of the Vale dam disaster 1 year ago will be felt for a while yet, let alone if there are further production problems caused by the heavy rains in Brazil atm ... E.g. the latest report of the railway line embankment starting to erode affecting IO trains; another shut mine since November that no one knew about until this week; etc etc
GLTAH
Iron ore price, page-18869
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$20.35 |
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0.210(1.04%) |
Mkt cap ! $62.65B | |||
| Open | High | Low | Value | Volume |
| $20.41 | $20.76 | $20.26 | $183.4M | 8.943M |
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| No. | Vol. | Price($) |
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| 3 | 2123 | $20.34 |
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| $20.36 | 4581 | 2 |
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