Actually pecora I was thinking the same last week when my broker (Ords) initiated coverage of several junior iron ore explorers/soon to be producers.
Ords usually gets into things late for major gains and its a signal that the best is over. They are quite poor on junior resource companies, and reasonable as far as BHP and RIO are concerned. Except for AWE (which actually did not implode) their pushing of LVR, BDG, PSA were all mistimed. They were supportive of HDR (which I also bought), and I was lucky to be rescued by a takeover.
