Where are you wounded bulls? Let's look ahead from here.
India building smart cities and Egypts new city is great news for demand. What will be the revised IO demand figure in 2015 and 2016 now that:
China remains steady at 7% with winter slumber ending
India begins construction over the next month on smart cities
Egypts planned construction of new city to potentially house 7 million people or more.
Asia infrastructure initiatives in motion to help fuel this new demand.
EU, US and south east asia growing with its own infrastructure initiative's.
My opinion but this supply glut will be no more and the new demand coming very soon will fill the gap meaning IO will not collapse further and IO producers especially in Australia (including midteirs) will have a growing market to supply to and prosper. A new bull market brewing?
AGO Price at posting:
15.5¢ Sentiment: Buy Disclosure: Held
