Come the next half year results, I reckon OST will get rerated big time due to improvement of IO spot price, more IO shipment, anticipated increae of future IO ship rate, improvement in steel business - in the black ? and the cost cutting measures already undertaken (already written off0 which will have an impacted on future bottom line.
My forecast of brokerage target price easily north of $2...perhaps circa $2.5
serious re-rating to $2.50 easily
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