It never ceases to amaze me how much people can panic, as if the world will stop developing and everyone will stop making things out of steel and revert to timber.
What a wonderful opportunity to Top up. This Company will still be profitable over the short to medium term. I just don’t see Iron ore prices falling and stabilizing below US $100/t.
We are at $230/t not that long ago. 30 days.
It is having the nerve to buy when you think the price is right and then let it grow over time. I am sure we will all be saying remember when it dipped to the low 20s and we were too scared to buy because we thought we were going into admin.
Price of Iron Ore, page-120
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Last
30.8¢ |
Change
-0.013(3.91%) |
Mkt cap ! $221.5M | |||
| Open | High | Low | Value | Volume |
| 31.0¢ | 31.5¢ | 30.5¢ | $132.0K | 426.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 283875 | 30.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 31.0¢ | 160757 | 12 |
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