As clearly said in my post, I am talking about IO stocks in general, not GRR in particular.
My sentiment still indicates that this is a buy for me at these prices due to the strong fundamentals here.
I was merely commenting on the obvious.
If Iron ore prices go up 10$/t overnight and the IO stocks are down, it means the market doesn't believe this price spike will be around for long.
I'm in the same camp as these high prices make life impossible for smelters in the steel industry and these very quick rerates tend to be based on commodity speculation.
The market can be wrong tho, who knows.
As clearly said in my post, I am talking about IO stocks in...
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Last
26.0¢ |
Change
0.005(1.96%) |
Mkt cap ! $300.9M | |||
| Open | High | Low | Value | Volume |
| 26.0¢ | 26.5¢ | 25.5¢ | $224.3K | 860.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 121209 | 26.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 26.5¢ | 286541 | 9 |
View Market Depth
| Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
| GRR (ASX) Chart |