OST 0.00% 86.5¢ onesteel limited

I am not the least surprised if it goes over $1.50 next week....

  1. 7,365 Posts.
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    I am not the least surprised if it goes over $1.50 next week. Just look at BBG, it has already double. Good quality stocks are often over sold because of shorts. What it is worth to a company like Tata Steel is anyone guess, but it won't come cheap. At this level, as a take over target, it is certainly very cheap.DYOR/IMHO I have high expectations of OST whether as a manufacturing concern in the long term or as a miner. It's assets is worth some money.The losses are written down assets only, not cash flow negatives.
 
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Currently unlisted public company.

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