Top 30 update, page-72

Here is my analysis. Buy at 0.12. I would. But that’s the max price I would pay. Then if it keeps going down, ave down. Problems with this stock. Though all trivial maybe in the SR.
1. The order sell at 0.17. regardless of intention. Yet there is still risk a major player wants out. If not, still a drag on SP in short run
2. Future depressed iron ore prices. China making their own and controlling the price
3. There are cheaper alternatives on asx if you looking for cheap stocks. Ie MRG was 30 bucks at the same time KFE was current price. Now the 2 assets almost same price
4. Trend for iron ore stock price pump over, at least for this year, but you never know, can’t predict the market
5. Best argument is you should hold some of this stock as part of a diversified portfolio bc it’s cheap. If it goes to zero, it goes to zero, doesn’t matter as long as your investment is small. Hopefully China goes after African iron ore as replacement for Australian etc