or maybe a broker is buying and holding in a nominee a/c...anything you can think of could or may not be happening.....
todays fall was on low volumes...so not a big deal......the market is a bit skittish atm....
big miners are unsure where commodity prices will go ..some predict iron ore to be $60 by late this year..due to low demand from china...whilst other predict blue scope steel to keep rising...so many conflicting opinions.......
if iron ore did drop...bhp rio and fmg would see a big price slide and the asx would follow...but its all guesswork.....no one really knows the true export and inport figure for china...all they know is what the chinese publish......
we are into march ...so the JORC is getting close...but I suspect some other reporting may well precede it......
AZS Price at posting:
6.8¢ Sentiment: Buy Disclosure: Held