GWR 0.00% 9.1¢ gwr group limited

Ann: C4 Iron Ore Deposit - Production Update, page-80

  1. 27,024 Posts.
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    I abandoned, due to the falling price. Did not see the mega drops from 160 to 130 coming.
    And rational was that the market can be a cruel master.
    It may get sold down towards cash backing, if on care an maint.
    That would be the time to speculate re-entry.

    Yes, i was pro GWR. Expected the i/o price to hold up even in a slower decline.

    What changed. What switch can get thrown by china to influence i/o drastically. Uncertainty. And unclear if royalties considered in cost basis.
    There is also Taiwan. And you have to wonder what happens to AUS as a supplier, if they go hostile with Taiwan.

    But when at cash backing, we could change direction, back to gold perhaps would be better than tied to a wild dragon.
    Last edited by stevenjd: 15/09/21
 
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