OST
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0.00% 86.5¢ onesteel limited

OST signed a 10 year agreement in April 2007 for sale of 40...

  1. Grebmoolb
    1,946 Posts.
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    03/01/11
    01:45
    Post #: 7679494
    OST signed a 10 year agreement in April 2007 for sale of 40 million tonnes hematite lump and fines over a 10 year period to Rizhau Steel of China. This looks to be the future in the short term until steel sales become more profitable.

    OST yield at 4.3% looks safe on iron ore sales and any definite leads to far better profits on the steel side would suddenly make OneSteel cheap.
    OST Price at posting: $2.59 Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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