Aussie Stocks are Pathetic, page-10

I remember back in 2014 while i was doing my finance course in monash. My assignment was to research on this company, it was 70cents +.

Overall the assessment for all the mining stock was positive. Vale and other big miner production expansion was on the way but havent came to the market. Importantly, i asked my lecturer about his view on this counter, he gave a lot of wonderful future, ranging from increase demand from india (Modi just elected and market was expecting another giant country will need hell lot of iron ores), iron ore price in china was low quality and australia have competitive advantages to seaborne iron ores price control by brazil and australia, we have a big voice on the pricing.

Looking back, everything was so wrong. India remain a net exporter, china stockpile the ore like never before, and even aussie producers are throat cutting each others. Fortunately china demand remain high despite a slow down in the housing market in china. Expert back then (4 yrs ago) was euphoric based on wrong assumption.

Anyone can be expert, bcoz no one know the future. Expert, afterall, is just a ordinary human being.