The reality is most iron ore stocks are in retracement mode - rio, fmg, mgx, grr, bci. Any doubts on a stock which have had phenomenal sp appreciation is punished. The potential issues affecting output, though expecting to maintain guidance will always see money off the table. The march quarterly is critical to sustain momentum, with further cost reduction, debt reduction and increased cost realisation.
Ann: Half Yearly Accounts and Appendix 4D, page-178
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