I'm enjoying the headline news on Mining.com website. "Iron Ore price starts in November with a bang!" Up 3% to $135 a tonne, when seasonally adjusted it should suggest we should be going down.
Let's not forget China GDP growth is storming ahead. With large Capital Infrastructure projects such as the world's largest underground sea being tunnel being built for 120km.
China extending it high speed railway network from 8000km to 50000km by 2020. The demand for Iron Ore is assured.
Now the brakes are off with the rights issue, a string of price sensitive results can be now released. Pretty darn obvious TRF has been holding back results especially with Oxy Bore.
Feeling happy I got the place on Red Cadeux. Maybe a taste of things to come.. Hmmmm
Always buy at the bottom of the chart. Arlberg1
TRF Price at posting:
12.0¢ Sentiment: LT Buy Disclosure: Held
