Hey er, It's funny the things we discussed months ago are now being called be the likes of the usual morons i.e. GS, JPM, Now Ord Minnett saying IO to remain above $125/t to 2015, Well at least I know I'll make about 200k profit on Atlas by early next year. That im sure of rail deal or no rail deal.
There's some talk going around that FMG may not need to sell TPI stake due to sustained high IO prices, Well what I can say to that is ditto! Atlas does not desperately need rail if IO prices sits on these high margins, They can afford to truck it.
China growth now steady, EU growth accelerating, US on the up, This sell of was just a minor correction, good for anyone wanting to top up.
Someone said on HC a few days ago there's a gap around 94-95c so I guess it will close the gap and then continue upwards again.
My guess would be down Monday morning to close the gap and then its green from then on.
AGO Price at posting:
96.5¢ Sentiment: Hold Disclosure: Held
