Well, push is becoming shove and the pressure is on in the Iron ore War.... AGO the first sizable casualty ... MGX maybe next and so on...
Analyst from most trading banks who are shorting the market are calling for juniors to throw in the towel and open a kebab stalls .... And then comes Joe with his $35 a tonne call... O Joe what are you doing? this is like Glenn of the RBA calling the $AUD at 65c... !!!!!!!!
However, Anyone who has experienced the Supermarkets war , even the Pizza wars could learn lessons and survive...
BCI with MIN could put together a strategy of gorilla warfare to see out the fight and become the Aldi or IGA of the iron ore market....
30 years ago a family size pizza was 20 bucks from the BHP of the industry"Pizza Hut"... Dominos was a"BCI" then
Today the same Pizza could be bought for $8 and Dominos is king of the market and an idol of the ASX...
You live you learn...
MIN , BCI, FMG and who ever wants to join in should stick together to survive... and see out the fog of war...
Also, one should keep in mind... it's only 6 months till Aurizon- Boasteel declare their hand... the money is on the last Iron ore major project in our life time The WPIOP to go ahead... The Chinese can dig up the stuff for 20 bucks.... Welcome Costco to the world of Coles & Woolies ...ZZ
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26.0¢ |
Change
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Mkt cap ! $749.9M | |||
| Open | High | Low | Value | Volume |
| 26.5¢ | 28.0¢ | 26.0¢ | $549.4K | 2.056M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 36433 | 26.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 26.5¢ | 74843 | 2 |
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