iron ore news, page-27

I don't believe I've ever seen such a woeful long range prediction made by Goldman. They seem to be pulling out all the stops to insure stock prices fall:

“We have downgraded fiscal years 2013, 2014 and 2015 by -16 per cent, -33 per cent and -145 per cent for Atlas Iron, and -5 per cent, -12 per cent and -114 per cent for Mount Gibson Iron Ore,"

They (Goldman)then cover themselves to some extent by saying:

"While the mid-term outlook (fiscal years 2015-16) appears particularly grim based on a straight pass through of these new commodity forecasts, we highlight that these companies, one, are highly sensitive to small commodity and currency changes, and outcomes could be vastly different from those forecast; two, are cash flow positive at our long term forecasts and at present have sufficient liquidity to withstand sustained dips in pricing; and three, are likely to take more decisive action if such dips occur."

Above quotes have been taken from Business Spectator.