Just heard Marcus Padley suggest if fund managers in their valuation models changed their iron ore and few other commodity prices to spot as opposed to historical forecasts, BHP & RIO would have 'fair' price some 200% above market & FMG some 300%+ up.
Make of that what you will, also fwiw he is very much a copper bull.
The TA crew on the verandah rail have been reinstated to full almond supply with all 'jobkeeper' rations lifted, we tried to explain to Frank just coincidence, little bugger not buying it coming off his lost 'bid' yesterday.
Major dummy spit, refusing to come out of his log to meet the opening bell.
