Hope you are right Rod :-) but likely to see some roller coaster...

Hope you are right Rod but likely to see some roller coaster trading over the next few days....

all imo of course, but factors likely to impact on share price

Positive
”Current” Iron Ore Price ~ Tick
Output and Exports ~ Tick
Accumulation of Cash ~ Tick

Variables / Negatives
Profit taking
Impact of Covid (and lock downs) on investor sentiment...
On going Iron Ore Pricing (unknown)
Trade Relations with China (likely to deteriate further after Victoria/Federal debacle?)
China’s mid term options to source IO from alternate source?
Institutional interest ?

** Short term investor mentality.... looking for quick gains rather than long term capital appreciation **
Some may jump out waiting on next announcement such as acquisition or similar with available cash ?

Take out the large Buyer @ A$0.315 and it starts to look a little patchy and a slide could begin to hit stop losses...

Just my Monday morning ramblings

Good Luck All