squirrel88, this is fantastic idea but you can not just go and buy - there are contracts to be signed etc for longer time periods. It would be easier to simply buy ore on the futures market, close the mines, do not sign any new delivery contracts and sit and wait until recovery comes back. Problem is that recovery is not coming back for quite a while as BHP, RIO and FMG keep flooding the market + new mines are about to come up as well (vide G.Reinhard's mine). So I think that iron ore miners are toxix now. Of course there would be some aggresiive short term rallies (ide ARI days ago) but big picture for ~ 3+ years is really bad.
- Forums
- ASX - By Stock
- IO Futures says bottom
squirrel88, this is fantastic idea but you can not just go and...
-
- There are more pages in this discussion • 208 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
Add BCI (ASX) to my watchlist
(20min delay)
|
|||||
Last
24.0¢ |
Change
0.005(2.13%) |
Mkt cap ! $692.2M |
Open | High | Low | Value | Volume |
24.0¢ | 24.0¢ | 24.0¢ | $42.82K | 178.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 93753 | 23.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
24.0¢ | 21720 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 93753 | 0.235 |
10 | 369252 | 0.230 |
7 | 317763 | 0.225 |
24 | 637459 | 0.220 |
7 | 645499 | 0.215 |
Price($) | Vol. | No. |
---|---|---|
0.240 | 21720 | 3 |
0.245 | 62883 | 2 |
0.250 | 46265 | 2 |
0.260 | 48934 | 4 |
0.265 | 40000 | 1 |
Last trade - 16.10pm 10/07/2024 (20 minute delay) ? |
Featured News
BCI (ASX) Chart |
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO
Charles Armstrong
CEO
SPONSORED BY The Market Online