Let the positive news flow over the few weeks.!!Both company and global news. Exciting times ahead! This next raise will be based on more than just sentiment.
I agree with you EWT. China is leading the recovery at present. ROW will follow in 2021. I thought my prediction of $150/t a couple of months ago was bold. Again you may be right, $180-200/t may be possible over the next few quarters. And that the standard price for 62% ore!!
If you were buying millions of tonnes of ore, would you prefer to transport it from Brazil to Shanghai, or from West Australia.
OZ cannot just increase the price, as their are global dynamics at play. IO is not as sophisticated as OPEC oil.
Good read on the worlds largest IO mines, some of the biggest mines operate at sub 40% IO content. Ours is peaking at 65%. The most you can get is 67%.
Joff1, I do not want that to happen but it may be his intention. All respect to TKIA to trade in and out as he sees fit. He is also magnanimous to say what he has/is doing. I personally cannot read this share well, so do not have the balls to trade it. It can jump like a scalded cat! I came for the iron ore projects. At $150/t my bet is so far going well.
Chris2 please give up on personal attack on one person here. Its not looking nice sir!
All the best TKIA. I like your posts and knowledge Does that mean the selling pressure of your 22m shares has now gone? I hope you can work with the MM to shake us down to 0.75, and you will get 26m shares for your 200 clicks ;-) Happy Christmas.
Market Outlook Candlesticks warned us today to be on alert with a new bearish pattern. Market attention is now on the downside. SHORT is a dangerous signal. Sudden increases in prices can lead to huge losses. For this reason stop loss levels must be kept in mind at all times and SHORT orders must never be placed without a stop loss.