This seller is someone that must need cash urgently!!!
As the iron ore gets shipped off and we approach the 4c update. We have all been waiting for the price to pop. I am thinking at some stage in the not too distant further 1-2weeks. We will finally get our big green candle of say 25% rise in one days trading session. This will then mark the bottom of the sideways to down drift. And into the 30s we will go.
Just make sure you have your fill/ stock purchases done before then otherwise you will be kicking yourself.
The risks to the above not proceeding is if the iron ore price collapses below $100 or our C1 costs blow out to $150/tonne.
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8 | 198434 | 0.370 |
8 | 266420 | 0.365 |
18 | 259324 | 0.360 |
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