RHK 0.00% 78.0¢ red hawk mining limited

The impending bid for African Iron AKI (ann last night) at...

  1. 7,247 Posts.
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    The impending bid for African Iron AKI (ann last night) at probably around almost twice its recent trading price, will liven up interest in the small iron sector. FOMO may kick in. (fear of missing out)

    There are a lot of stores on the news wires this morning relating to;
    Iron ore exporting from Russia to Europe to get underway,
    A problem with rain stopping Vale mines' operation.
    Arceleror Mittal is having a few problems with its majority owned Algerian operation.
    China is 'pledging' to build 10 million social housing units (?)

    and so on. Not all positive news but iron ore is still hot stuff. Spot price is holding well around 140, up slightly recently.
 
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