Panic Selling, page-21

My opinion: iron ore sector is in a horror environment and it will get only worse. And it will last for at least a few years. Reason: RIO, BHP and FMG (and other world big miners) are flooding the market with IO + new mines (vide G.Reinhard) started a few years ago will soon come up as well - then we will see the real, real IO flood. I would not be surprised if IO gets to around $20 mark. I sold CFE immediately when sage announced 2c div cancellation - it was a big warning bell to me. If I had CFE still, I would sell now - better at 4c than at 0.5c or so ... or nothing.