Exchange Symbol Chart Cur Price chg|% South American Ferro Metals ASX SFZ AUD 0.05 -0.01 -8.93 IMX Resources ASX IXR AUD 0.04 0.00 -6.82 London Mining LSE-AIM LOND GBP 0.58 -0.03 -4.92 Northern Iron ASX NFE AUD 0.20 -0.01 -4.76 Arrium ASX ARI AUD 1.32 -0.06 -4.35
All companies that only focus on iron ore were hit hard. Most off these companies sell only one product and that's iron ore... I 'm hoping LM can divers more then their core business iron ore... They also have to grow in that way i think... In the charts you see that iron ore prices are cycly and that it has to rebounce...
I have loads and loads of these. I cannot believe that it keep dropping. I was a buyer in the low 100s. Have also picked up in 60's. Can't understand why PIs are chasing the small explorers when LOND is consistently lowering costs and derisking. OK very tied to IO price but still there is still a margin.
Expect that once they prove that production is up to 5.4m then there we have a catalyst.
Also in SL is GSR which is an interesting play on their ability to convert to cash using mine to market diamonds.
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