IOH 0.00% 70.0¢ iron ore holdings limited

all of us on Valium - or stronger?In almost twenty years of...

  1. 8,527 Posts.
    all of us on Valium - or stronger?

    In almost twenty years of trading - never known anything like it with "unbudgeable" share prices - miniscule movements - but I appreciate the reply.

    Sooner this vicious Mining Tax comes off the better.

    As someone said - those who feel miners are so rich they owe us all something should get a wheelbarrow and shovel and go ad start digging in the dirt for your own riches and then pay tax to someone for the effort - or else buy shares! If this government hates the miners so much. We hear from the Big 3 - but what about all the other smaller miners - how does this affect them - and what do they really think?

    And next we have the real crippler - the Carbon Dixoide tax.

    It has to be a mental thing - this endless, paralysing slumber now gripping the markets.

    I repeat, like a long playing record - this stock was at $2.70 just prior to Mining Tax announcement - and heading north confidently then - (yes, I know Rio were around sniffing then) but then it plunged, almost overnight, on the Rudd/Gillard pronouncement from on class-war high that working for riches is wrong. Down to the levels it's at now - and even much much lower.

    Miners must be gripped with insecurity about the future - surely like living with a terminal cancer, or some other "death" or health restrictive disease sentence over your head. Unless you're Rio, XStrata, or BHP. he you can ride it out.

    Fear is rife. That has to be it. Too scared to for traders/investors to buy shares. (or are they too broke?) Too restrictive for miners to mine with hope and optimism, as in the "good old days." If you think this too simplistic, I'm sure you'll tell me. And I speak broadly here, not just about IOH!
 
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