the key point for GBG is healthy Margins to maintain confidence for Financiers and Debt management .
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The investment bank predicts a short-term rise in the price of iron ore to more than $130 a tonne adding that the confusion surrounding Chinese credit and economic growth was behind the volatility in the price this year:
"We see short-term target price recovery unfolding back to >US$130/t cfr Nth China. Why? This level was regarded as ‘acceptable’, in 2013Q4’s more balanced trade.
GBG Price at posting:
6.2¢ Sentiment: Buy Disclosure: Held
