I do not know where all this enthusiasm is coming from. I see the latest BCI report as being pretty dim. Losses, that;s what I see. So I guess the share price hike is based on recent temporary IO price jump, caused by RIO and BHP announcing cuts to the IO mining increases PLUS probably the fact that market expected even worse report than the one that was published. But those BHP/RIO cuts will take time, long time to truly influence the IO price in the long run. Current drastic changes are coming from futures market - once this settles back to REALITY of gross IO oversupply - the IO price decent will continue. So I see the eminent BCI price collapse again.
Ann: BC Iron March 2015 Quarterly Activities Report, page-48
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30.5¢ |
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