We have three things to be concerned about the IO price,
the rail deal and the quarterly.
IMO the IO price, has got some way to go, but the majority
of analyst and commentators are still negative.
The rail deal although it looks promising, could potentially just vanish into nothingness.
Then we have our quarterly which looks promising too, especially after the BHP and Rio figures, but what if the June rains affected us?
The point is, short term there is potential on the up and down side.
It's a gamble either way! If it was obvious we would have more movement in the SP.
I still think short term it is a better bet on the up side.
IMO long term there is no doubt, the stock is cheap!
If you believe we are in for good news over the next week or two then all these shorts are good thing.
They will send the SP flying at the first hint of
positive news.
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We have three things to be concerned about the IO price,the rail...
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