And as far as a strategic partnership is concerned, its difficult how to judge it.... in the short-term it looks good to reduce the capex there, but if the asset is so good, seems unwise to give away or share a portion. I suppose overall it will provide stability and reduce risk/uncertainty, which is generally attractive.
I think this will do well, and I think it will see 38p again, but I also think this will fall some more before the momentum changes.
You may be saying there will be a positive effect, but despite the 'massive' one day rise in the price of iron, which may or may not be sustained, Lond dropped yet another 4%.
I'm thinking about buying some here, but I dont think the time is right yet. I suspect we could be looking at a SP between 20-25 in the not too distant future, but then, thats just my opinion at this point in time.
I expect the thing to kickstart the upward momentum will likely be a strategic partnership to reduce costs, or a larger and sustained increase in the price of iron. Bear in mind iron may quite easily retrace, the momentum is still downwards.
You are missing a point slightly. ... I am saying there will be a positive effect.
The surge in iron price is a good sign and just like how a drop in iron price effects sp, a rise in iron price is also likely to have impact on sp. The main positive is the US involvement with WHO for dealing with Ebola.
Good luck with your investment, if you are invested.
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