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4.5¢ atlas iron limited

Iron ore price, page-939

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Haplo

17,089 Posts.

3842

20/12/16

21:34

Post #: 21472556
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Originally posted by Richie2013 ↑

If the Government wanted to slow down the import of Iron Ore, then why have they shut down so many mines that were producing 80 MT of Iron Ore? This encourages Steel Producers to buy IO from Overseas, better quality and at a lower price. It looks to me like they have found a floor around the $80 mark, at this price it will discourage new mines starting up, and those already in the game such as AGO can continue and make a very decent profit.
It's obvious you are a shorter, your comments are always negative and you continue to down-ramp AGO. I guess you must be losing money at the moment?

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Was reading the FMG article in Fin Review this afternoon. Seems FMG is looking for another option to blend it's ore now that the Vale option has fallen though.

Would AGO be an option for some sort of tie up ?

Haplo

AGO Price at posting: 2.8¢ Sentiment: Buy Disclosure: Held
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