Good morning traders Thanks Highlandlad.
Iron oreful. Yikes!
Iron ore prices looking shaky with some talking heads suggesting below $100 shortly, then even to test 2012 low at $ 86 .
Not a good look when many iron ore players are expanding their capacity.
I wonder how Gina is feeling, with her Roy hill Project just in the early stages against a backdrop of falling prices.
Prices bounced back pretty quickly last time they fell off a cliff in 2012.
Heavy weights BHP and RIO felt the pain yesterday with sizeable falls along with the smaller iron ore
Plays such as AGO FMG & MGX getting hit even harder.
The more marginal producers and ‘one trick ponies’ likely to suffer more than the big guys.
Trade safe
- Forums
- ASX - Day Trading
- daytrading 11 march morning
daytrading 11 march morning
-
- There are more pages in this discussion • 83 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
NVA
Nova locks in NASDAQ US market listing at a value of only US$3.3M as ASX gets quieter and quieter
MND
Monadelphous inks $200M contract with Woodside to help build Pluto LNG – but will it make Scarborough cheaper?
Featured News
MND
Monadelphous inks $200M contract with Woodside to help build Pluto LNG – but will it make Scarborough cheaper?
IGO
IGO kicks off earn-in copper drilling on-site Encounter's Yeneena play as it adopts new identity