I think the most interesting thing about this is the radical revision to Citi analysts iron ore price estimates . A month ago they were predicting $35's as an average now their predicted mid point is 55's. What's changed steel demand- that's what.
Oh a little bit of light relief for my sober intelligent and considered co-posters particularly rcman EuroAussie BP and Gassin
Buffet once said
There are bold investors and there are old investors, but there are no old, bold investors.
Something to contemplate.
News: FMG Fortescue's debt weathers downgrade despite iron ore doubts, page-2
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