I have just been reading that iron ore prices are set to go lower and possibly lower than the $87 a tonne level we saw in late 2012. The price is currently under $100 a tonne.
With markets near record highs and gloom and doom for the short-term iron ore price I expect we may see one more attempt to drive the SDL price back into the high 7s before we get news at the end of June.
I will be holding tight and buying if it dips back into the 7s, that's for sure.
Not long to go now Sundancers.
Cheers J
SDL Price at posting:
8.3¢ Sentiment: None Disclosure: Held