Right now beside all the world market debt worries comes also into play the Iron Ore Price. And compare to friday, the metal index has droped heavily by $2 a tonne, to $167.33 vs. fridays $169.57 ( first time used the word "Heavily" The iron ore index currently is making newer lows. Steel demand is also putting down ward pressure. Production has been near record hights - But is it sustainable ? Right now is a wait and see scenario. Does SDL sp. reflect value for its proven iron ore resources ??? Thats the very big investment question.
SDL Price at posting:
30.5¢ Sentiment: LT Buy Disclosure: Not Held
