Yep the wider macro circumstances right now are no joke.
these are cyclical influences on price we cant control and they have landed smack bang in iron ore investments favour.
again that effect on the value of iron alone can not be understated.
THEN if shree can leverage this with legitimate, significant news on the iron ore mines development... well i dunno but this looks like buying pot stocks back in early 2017
Bull sh t companies multibagging in redicluas numbers because of a sudden macro trend.
a perfect storm resulting in imminent value creation with in the sector is on the horizon.
If this thing goes nuts. Like 100% gains for days.
it wont be because of technicals or fundimentals that really make this thing fly to that level ... it will be pure luck, one took a punt on the right stock, right sector, right time.
the biz fundimentals alone take this thing to 3 to 5 to 10 easy as that mine comes on line. It goes to the moon beacause
right stock, right sector, right time.
good luck.
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