Thanks for your comments, I share the same sentiment at the moment. Most of the people here post their sentiment "BUY" which is totally different to real buying. Mine is "none". As someone noted recently HGO register is packed with long term holders who are overweight with HGO, not buying at the moment, just a matter of a discipline, managing risk and waiting for yet another
unexpected blow to SP. And YES, charts are important here, the picture is not pretty. Many of us can double their holding but are just waiting. Manipulated or not, shorted or not, HGO stands low, down 34% YTD.
"...so profit will be small to negative." - This part doesn't sound very reassuring.
"Will the board man up and issue a forecast or will they hide in the safe corner?" - Here's mine overall concern. CEO left for personal reason.
@VYR do you really believe this? As I said above, my sentiment is "none".
BHP just called the end of the iron ore boomWhile the steelmaking material will deliver huge profits for decades to come, chief executive Mike Henry has switched his growth focus to the next big thing.If you want to understand the shifting sands in Australia’s resources sector, do a quick keyword search on the slide deck that accompanies BHP’s profit result.
The word “copper” appears 78 times. The words “iron ore” appear just 14 times.
