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you would be dangerous with half a brain

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198 Posts.

03/07/16

15:38

Post #: 18181177
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Originally posted by croasian ↑

IMO Iron Ore and oil are very different because:

The oversupply of oil is smaller and a short life asset (tight oil).

The Iron Ore supply grew much more dramatically in response to a chinese construction bubble.

Oil is set for a recovery in a few years but iron ore will take longer. More producers need to shut down as BHP/RIO increase production.
$130 seems a big call but so does $30...

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you would be dangerous with half a brain
MRM Price at posting: 31.0¢ Sentiment: Sell Disclosure: Not Held
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0 Great analysis

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