Down over $1 and in the last year it was as high as $5.43 so...

Down over $1 and in the last year it was as high as $5.43 so nearly down $2.
Over supply and no one will admit it in here.

As mines expand to export more and as new mines come on line we get over supply and prices fall.

Still expecting it to drop below $3.
May get the odd bounce up[wards but trend is sell at the present time.
I am in hold mode.

PLS has to get their costs down to under $250US/T to do dividends.
If no dividends for the final one this year it will continue to slide.

Most put their cash into dividend stocks.

This stock been stuck in and around $4 for a very long time give or take 80c or so.
The odd time it gets past $5 then back tracks to around $3.

It reminds me so much of CSR always stuck at about $4 until a take over comes along.

I am hoping for PLS to be taken over then get a windfall and push it back into more iron ore shares which do great dividends.