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6.00%

9.4¢ carpentaria resources ltd

perhaps the Chinese weren’t bluffing after all. Ouch.

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rossant

283 Posts.

64

06/08/21

10:34

Post #: 55077911
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Originally posted by rossant: ↑

No one should be convinced by the efforts of the Chinese over the last 96 hours to force the price of IO to drop so dramatically, especially when the primary suggestion is it's attributed to steel mills being instructed to curtail output quantities. Because if that were the actual reason, then why didn't they simply make these moves when the price was continually rising and even tipping over $200?

And usually this month as per previous yearly trends, IO prices hit their yearly highs, no?

I wonder where the price will be trading come Friday.

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perhaps the Chinese weren’t bluffing after all. Ouch.

CAP Price at posting: 15.5¢ Sentiment: None Disclosure: Not Held
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