quote "I think its fair to say that Iron Ore won't stay below $US50 for too long..." unquote.
Your reasoning is poor.
The large producers have no ability to control the economies of other countries,,....and it is that that determines the price.
But I am not happy that this company has seen fit to spend and not pay their shareholders divvys when their salaries are so high and their shareprice so low. These pellet making companies can make good product too. There is so much iron ore around...thank goodness that China is so successful.
I would be happy to see a dividend...and for goodness sake , I hope they don't entertain a buy back. a 4 cent divvy would be glorious.
quote "I think its fair to say that Iron Ore won't stay below...
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