I bought in here today purely on recent positive news and on the fact that AMI has gained nearly 50% with huge volume involved. Now how does that help LOND? My feeling is that some of those PIs that have made big gains there will be looking around for similar play and will invest some in here. The only reason LOND has risen yet is due to volume. AMI trade volume last 4 days was something like 80mil so imagine even 10% of that trade activity moving here. Hence, I feel LOND will get a lift soon but dyor and keep faith, gl all
Last week Australian 3 million tonne per year producer Western Desert Resources called in administrators.
Western Desert follows others which have fallen by the wayside including Sweden's Northland Resources, Australia's Cairn Hill and Canada's Labrador Iron Mines. West African iron ore producers like African Minerals and London Mining are also struggling to ride out the price slump
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