Right or Wrong. My prediction is there there will be large interest coming back into Iron Clad and Trafford SP next few weeks, on the provision IF, the Iron Spot Price 62% Iron holds and continues to rise over the coming weeks especially for the end of March, as the Chinese economy gains momentum
The Data coming out of China last few days is very positive with manufacturing and construction activities. Both's SP collapsed dismally in September & October, as the Iron Ore Price crashed. Fingers crossed the tide is about to turn according to the Northern Hemisphere coming to an end and China's huge investment in Capital projects gains momentum.
Lets not forget:
They are building the largest High Speed Railway Network in the world, extending its link from 8000km to 50000km by 2020
They are building the biggest underground sea tunnel in the world, outside the Bay of Beijing extending 114km. 3 times as larger as the Eurotunnel
Large buildings, & Bridges, including the 2 Largest Building in the world in Shanghai, all examples of the Huge capital infrastructure projects going ahead as Industrialization gains pace. Many inferior steel mills will be shutting down in the near future for not meeting adequate energy requirements with low quality ore, creating smog. The demand for high quality 62% iron ore is assurred.
China= Huge Iron Ore/ Steel making requirements.
Im remaining Optimistic, and holding to see this company go into production. Arlberg1
TRF Price at posting:
9.0¢ Sentiment: LT Buy Disclosure: Held
