Anticipating capitulation is emotional fear of the insanity of others. That is literally sheep following each other off a cliff, without rational valuation of the going concern.
Are we still mining ? Are we still operating with substantial margin ? Is there still a market for iron ore ?
Clear heads answer yes to the above. Irrational sheep screaming on the way down to the rocks below, scream whatever madness over comes them.
At the end of the day, when the tank is empty of sellers who panic, they can no longer influence the sp.
Provided the company can continue to operate in the manner they have been doing so, and advance, buyers with cooler heads will control the sp in the future. All going well of course.
GWR Price at posting:
23.0¢ Sentiment: Buy Disclosure: Held
