Monday morning:
AUD at 90.13 US cents.
Iron ore adds 0.1% to $US82.00 per metric tonne.
Iron ore $AUD90.98pmt.
The "20 consecutive days of IO price under $AUD90.00pmt" deal breaker has been breached (and probably was on Friday) so looks like the deal is done.
I need to find more patients but I'm looking forward the long term BCI/IOH (oops, bad habits), I mean BCI story.
I hold IOH shares.
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Dani Nadri, Country Manager Australia
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