As time goes by I found some level of revision from my previous post
Favourable side: 1. Building activity is increasing(recovering economy) 2. Current good buy/sell ratio( almost double: very rare in recent months; buying momentum) 3. Steel makers set for brighter days (recent AFR article by Ayesha de kretser)
Unfavourable side: 1. World & domestic economy is still fragile 2. Lingering debt in Europe and US deficit problem 3. Another mentioning of potential raising (Weekend AFR mentioned at p30(?) OST with Billabong as potential contender)
In my best knowledge and finding I exclude POSCO's possible interest on OST at this stage. POSCO has spent hugh fund after purchasing series of companies in recent years and they officially reached not to pursue OST management buyout. But who knows anything could happen in this stock market world.
The question is that SP could go further upside or not.
Regards,
OST Price at posting:
85.0¢ Sentiment: None Disclosure: Held