Agree, by my way of thinking the world, particularly China still need and will continue to need Iron ore and the less they buy now hopefully the more they will need to buy later. We should be sitting on an ample sum of cash should a care and maintenance situation take place to ride this out and prepare ourselves for when the IO price recovers which is surely only a matter of time. My only concern is I now only hold oppies which are now looking dicey at best because of the end date, that’s the risk you take when looking for leverage. Definitely going to try and free up some cash to Aquire some heads in the meantime but think they could still go lower yet.
I hope you still have a shirt on your back TenX
No need to panic IMO.
GWR Price at posting:
14.0¢ Sentiment: None Disclosure: Not Held
