$4.80 now truly looks conservative for DOW. Adani has got to go bad, Tenix has got to be a dud, FMG has got to go under or get sick of us or something. The SP has gone below $5 up (it was once into $6s) mainly due to sentiment behind the loss of the BHP contract. The BHP contract was not as material compared with Adani & FMG. Tenix should have added 70c but sent DOW slightly up & then it returned flat to the card. With FMG, DOW is now a one stop shop in Australia for rail, mining and infrastructure connected to rail and mining. WOR is now clearly offshore orientated. DOW for $6, $5 ST valuation IMHO but pls DYOR.
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