Iron ore price, page-2025

I don't think for a moment AGO will ever get back to 1.0 cent. IMO it bottomed at 1.2 cents three weeks ago, it's held 1.4 or above for the last two weeks with weakening IO prices, there is very low momentum ATM (i.e. sellers are exhausted - the last 2 days have been around 12M on CommSec and I doubt we'll get there today) and unless the a*** completely falls out of IO, it should hover at or above 0.014 for a few weeks more. It will rise if one or both of two things happen: (1) AGO makes an ann about improved profitability (which I don't presume it will do until the next quarterly report which won't be until sometime in July); or (2) IO substantially increases in price. With either, we're likely to see AGO move back up into the 2 cent bracket.
But of course DYOR.
GW