Your joking aren't you. Nobody shorts these type of stock. Do...

Your joking aren't you. Nobody shorts these type of stock.

Do yourself a favour if you want to gamble on the iron ore price. Buy existing miners, who by the way are cutting back on projects not looking at begging some unresponsive banker to lend them $2billion.

Stranded iron is just that - stranded and at about $5-6million per km cost for rail they will remain stranded. There's a lot of stranded iron out their and at these massive rail and port costs it will remain stranded for a long time to come.

I doubt either of these two companies could raise a couple of $1million on market between them today just to stay afloat. And you think banks will lend these two dollar co.s that kind of dough.

Most of the banks have their money in Roy Hill and at these iron ore prices they must be quaking in their collective boots.

Anyway no more from me. Good luck for the new year and many new years to come.