the new darling of io producers , page-28

Ss
I have only held for 2 months so i don't know how I have been talking them up for months . You are correct that I said I sold because I thought the price would fall more than the divi , because it was bid up due to divi . The day before divi ann it dropped to 26.5 cents and was falling along with other IO stocks . The divi was ann and it regained strength while other IO stocks continued to fall

Often on Hc people struggle with the fact that I can be positive on a stock and then sell . The market is fast moving and valuations change on underlying metrics . You can't tell me the IO price fall and the subsequent margin compression is not something that changes GRRs valuation

I explained why I was selling . I have also articulated when I would buy back and why.

I don't not like the stock - I simply think current IO prices will weaken more and that GRRs margin may fall to 30-35 per tonne . This halves the margin they were achieving at the start of the year if it happens .

I hold PRU and ROC , if gold or oil fell by 15% in a month I would likely change my valuation on those. The danger in investing is not altering your inputs when these inputs change . That's all
I have done , change my pellet price assumption to circa 135 for the year. At that price 21-22 becomes a safe entry for me. Not suggesting IO pellets will do to 135 or that price will drop to low 20s - just explaining my rationale