Nice article in FR today on iron ore and China growth and expansion.Looks like 2017 is going to be a great year.At these levels very profitable.The only thing I cannot get my head around is that this time last year IO was at $37 and share price at 45 cents yet now we are IO at over $80 and a share price of 30 cents !
Hopefully management will start beating the drum from the AGM onwards(Wednesday) that this is a project that is happening and the profits will be real.I wonder when the 200 plus workers are due to arrive, must be very soon.
AXZ Price at posting:
29.0¢ Sentiment: Buy Disclosure: Held
