I got booed for saying smart money is shorting this at 1.20... Hmmm.
Most here only look at the current iron ore price. That won't last. Look at the market leader RIO. It would have been well north of 70 or even 80..
AGO's margins are not good when iron ore is 110-100 a tonne. Above $1 is expensive if (more like when) iron ore retreats. Not to mention there is plenty of stock to be sold off that are still in profits given the huge rally....
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I got booed for saying smart money is shorting this at 1.20......
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