I'm moving the rest of my iron ore $$$ out, to other sectors, that arent thrown around like a rag doll in a rot wheelers mouth. I think the volatile movement, will restrain any thought of PE ratios, as its all short term, and that must be reflected in cash balance + speculation of how long the sector will hold on for. When there is a risk of another stranded asset period. I will keep an eye on, when they announce their results on long term sustainability, that surely must include rail. How much capex, and what other partners might involved. That will be a new equation to consider.
I did not see this volatility in its extreme coming. My bad. If i/o were to bounce, it could also fall again.
If a market loses trust, it wont pay much for speculation.
I like GOLD and think it has been oversold, with the AUD gold still good for profitable margins.
We should have kept the gold asset. At least i still have kept my in specie distribution.
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