just a thought ..what happens if biya formally issue conventions to SDL say around oct nov......iron stabalises and ranges back to 120-30, cos even the chines are not that stupid to let it fall bellow a 100 and effectively destroy 30% supply from their high cost domestic producers.
happy to wait for another 6 months even if price falls back to 20,10,5c dont care. Totally appreciste however that there are desperadoes out there who have probably lost a bucket load on other stocks and would like to preserve some of their capital..im just glad these people are not sitting at the negotiating table.
SDL Price at posting:
33.5¢ Sentiment: Buy Disclosure: Held