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0.00% 1.4¢ tombador iron limited

IO futures down for Thusday/Friday. No big deal IMO given the...

  1. Troisi
    592 Posts.
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    16/05/21
    15:20
    Post #: 53205389
    IO futures down for Thusday/Friday. No big deal IMO given the price was down off the back of Chinese propoganda i.e not off the back of increased supply and lower demand.
    Lets see where it goes but i fairly certain the price will only stabilise when Vale and New Africa increase supply. The futures market might be banking on this but it actually does need to physically eventuate.
    Bring on the enviro licence ASAP.
    TI1 Price at posting: 10.0¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 5  Upvote
    lightbulb Created with Sketch.  Great analysis
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