Wrote on SDL & FMS threads that signs of the global economy in recovery mode - Iron ore price at $144.90, China's manufacturing now in expansion, China steel inventory at lowest point since end 2009, fiscal cliff deal close to resolution...and Hu Jintao notes that the Chinese government is committed to "step up efforts to promote strong, stable and sustainable growth in the world economy in 2013...for IOH, they have demonstrated they can make deals in a tough economic climate, so imagine in a more vibrant upbeat economy...it will be a big quarter for IOH with prospective deal with FMG - if that is pulled off, then wow - 2013 may well be the making of IOH...
IOH Price at posting:
76.0¢ Sentiment: Hold Disclosure: Held