I agree it's serious, but ask yourself really is it going to...

I agree it's serious, but ask yourself really is it going to have that much net effect on a near term iron ore producer with sale, infrastructure and funding agreements already in place. I doubt it, but while there is volatility in the market selling will happen as a by-product of the underlying nervousness that still exists, and without much regard for company fundamentals. It is the madness of crowds. My gut feeling is the world markets reaction was excessive, but I temper that statement with the comment that markets are never wrong.

Personally I am now happy that gap was filled today, that along with the high volume triggered a buy for me although if I had a little more patience (and free time) I could have got them for less than the 1.25.