Like i said weeks back "Vale will be in full production in 30days", yes the 30 day time frame was somewhat incorrect, however is was less than 60 days as of today, there is a flotilla of iron ore carriers waiting to load iron ore produced by Vale, all bound for China...a previous poster mentioned a 40 day voyage to China?, one would assume the IO price decline will be in earnest by then.
My suggestion would be to sell FMG shares at the current price, before the share price decline commences, if it hasn't already i.e. take your profit..
Im am not down ramping...i do not hold FMG shares at the present time....
Iron ore price, page-11950
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$17.43 |
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Mkt cap ! $53.66B | |||
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| No. | Vol. | Price($) |
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