We holders just just have to be patient, this wall of tax loss selling plus nervous nellies and stop losses are exaggerating the fall. Note the bots at play too. Market always overshoots and this is classic. If you have belief in co. Fundamentals, as I do, then wait for the inevitable recovery
I am of the view that further likely falls in IO price will be offset by falls in $AU, and given locked in pricing with Noble at $120 p/t this year all we need is robust production and shipping in the dry season. Then we will see cash flow, reduced debt and market rerating back to sensible levels. Worth topping up over the next 6 weeks, you should be rewarded well.
Cheers to all
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