Sentiment on iron ore stocks is the worst I've seen. Investors are convinced that the likes of GS are right that IO production will be in surplus in the second half of 2012 and the price of IO will go to $80.
I've read reports about the new big projects coming online the ramping up of existing projects and to be honest the argument seems reasonable in that I haven't seen anything from the other side to contradict it.
Who would have thought AGO at 80c, GBG at 15.5c, MGX at 46c.
This will play out further in the second half of 2013.
Hell at cost price of $100/ ton my money says GRR under 10c.
sp = cash position minus ~20%, page-12
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Last
37.5¢ |
Change
0.010(2.74%) |
Mkt cap ! $434.0M | |||
| Open | High | Low | Value | Volume |
| 37.0¢ | 38.0¢ | 36.8¢ | $355.7K | 952.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 29999 | 37.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 38.0¢ | 61833 | 4 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| GRR (ASX) Chart |