I can't believe nothing has been announced yet... A mate of mine starts work in next month and they are recruiting big!!!
Lack of buying is a little worrying - I suppose the build up has taken a bit too long- some profit taking... I think once announcements are made then things should start to tick up and buyers will come in ... Till then I hold...
I stay positive, however before the announcement of the rio deal we ran above 10c then came back down... Here the max we have run to is 8c...
Also positive for the co is that while the smaller iron ore players are forced to cut costs - BHP and rio are forced to spend more to keep up the continuous supply of iron ore...
For now I hold , good luck to all... Hope to be celebrating soon with a bucket of kfc!!!!
TPP Price at posting:
5.9¢ Sentiment: Buy Disclosure: Held