It's definitely worth watching, we've made super-profits and helped fund stage 2 which underwrites the current share price at half the IO price. I'm in Fenix and looking at Labrador Iron Ore royalty co. for what I believe is demand pressure which I hope maintains CIA margins. I hope the supply pressures persist but at some stage, Vale will stop stepping on rakes.
We have a call with a Singaporean trading house today to investigate hedging a lot more iron ore through long-dated out of the money puts. If we can lock in margins I'm going all-in on IO.
It's definitely worth watching, we've made super-profits and...
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Last
$6.40 |
Change
-0.110(1.69%) |
Mkt cap ! $3.315B | |||
| Open | High | Low | Value | Volume |
| $6.50 | $6.54 | $6.38 | $6.570M | 1.023M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 9059 | $6.39 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.41 | 15888 | 2 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| CIA (ASX) Chart |