I think its rather obvious that the SP is/will go going - esp if the Chinese keep buying on market as they have been the last few consecutive days.
Thier buying really reminds me of the buying undertaken by Andrew Tsang on MDX. He bought 5% at 17c. Then got up to 10% at 23c, then 15% and finally 19.90% at up to 30-33cents and took the share price up over 150% in a 2 week period.
Here, we have a Chinese Steel Mill buying on market! Infidently beats co like GDA that ran yesterday on nothing (inc gda late announcement).
Things are looking great.
But with regards to FE price/RIO freight premium, im not so sure they will be sucessful. I think theyll relinquish and get 65%.
