The problem is if the IOP price drops again it goes back to 19-20c
If IOP stays the same it will hover around the 23-24c.
If IOP goes up it will go around the 25+c mark
It looks like tough times ahead and the Bloomberg terminal indicates IOP price is going down in a straight line which cost is over $25-100k per year to access.
Below is why we are heading into a recession, inflation is getting lower but the job market.
https://www.reddit.com/r/wallstreetbets/comments/zoxoa5/forget_inflation_start_following_the_job_market/
Price of Iron Ore, page-1469
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Last
36.5¢ |
Change
-0.005(1.35%) |
Mkt cap ! $253.5M | |||
| Open | High | Low | Value | Volume |
| 37.0¢ | 38.0¢ | 36.5¢ | $746.0K | 2.013M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 38061 | 36.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 37.0¢ | 16106 | 2 |
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| Last trade - 16.10pm 13/08/2024 (20 minute delay) ? |
| FEX (ASX) Chart |