Price of Iron Ore, page-661

I won't name the company, but the following is in part taken from one announcement as was released by this particular company in Nov 2020:

We are pushing the projects along as fast as we can as Iron Ore markets remain very strong, so we are striving to take advantage of the demand that exists for high quality product such as that envisaged to be produced.....

The above just goes to show how things can change and change so quickly. The company in question has recently became a producer and is now subject to somewhat dire adverse IO pricing changes. It's not alone. Market forces have shifted dramatically just as they started production.

Whilst all are entitled to their opinions, based on the above, how can anyone predict with certainty where IO prices will be this time next year or indeed share price movements?? I doubt management foresaw the dramatic pullback to come to pricing at the time of the announcement - though the sense of urgency to produce may indicate an expectation for some pull back.

Some companies may falter in the current pricing environment - unfortunately it happens - hope it doesn't happen to the one being referred to - though possible, nor to FEX.

Such is life in this space - the highs and lows of being a commodity miner and the associated shareholder expectations.