+ $4 on the cards, page-3

New thread title will surely attract comment from loobs and geezer, can't wait for their highly researched opinions.


Reuters article about China demand for IO increasing by 50mt this year, but supply also increasing

http://in.reuters.com/article/2013/03/25/markets-ironore-idINL3N0CH05020130325


Current IO prices have stabilised and small increases in last two weeks

http://www.macrobusiness.com.au/category/commodities/

Analysts view about IO price, supply and demand varies greatly, the same analysts predict FMG share price to go above $5 and have. BUY rating, yet on the other hand thy warn about IO price slump and over supply, go figure.

Last time I listened to a broker and took his advice I bought Babcock and Brown at $15 which he said based on their research would get back to $30.

As price was falling he told me to top up.

We all know how I fared with this investment, since the I do my own research and blame only myself for the outcome. Analysts have a vested interest .

FMG has significant IO reserves and excellent infrastructure assets. In the long term it should prove to be a sound investment. Once rerated and short sellers disappear SP will head north.