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New Contributor
So who wants to call the bottom R300.00 a reality? or is the selling overdone ?
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4 REPLIES 4
Valued Contributor
considering the story around iron ore the selling makes perfect sense ..
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Contributor
Is today's price rise temporary and is current price a perfect entry point or should one wait for a pullback.
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Valued Contributor
depends entirely on your view on iron ore prices .. I think they flat at best likely weaker with over supply and weaker demand .. personally I staying away
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Super Contributor
Geez, I will stay away. I think the iron ore price is in the region of 90 US, some people are talking of it falling to 65 US, that is a third down. Single commodity company. JP Morgan, I think, gave it a target of R 230 ?
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