Qtrly report thoughts, page-46

whats the go with all these oversold iron ore stocks. grr is now as cheap as last year now at 14c compared to last year at 9 as they hold an additional 5c worth of cash and receivables. cant complain. gives me plenty of opportunity to buy some more bargains. yielding over 7% on a fully franked basis (thats comparable to 10% unfranked yield). scratching my head wondering why people want to give this away. oh well, when we back above 20 i might sell them back. with any luck, ago will keep rising and i can offload, taking some more profits to get more of this baby before it rises again.