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Forecasts of $20/t iron ore. The response? IO now $48/t.; Iron ore recovery offers budget boon hopes
Topic Started: 21 Feb 2016, 07:58 PM (42,813 Views)
Ex BP Golly
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stinkbug
27 May 2016, 03:39 PM
Unlike the argument about the T's and C's on a home loan contract...?
Nah.
You don't think that argument is fun?
WHAT WOULD EDDIE DO? MAAAATE!
Share a cot with Milton?
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newjez
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stinkbug
27 May 2016, 03:39 PM
Unlike the argument about the T's and C's on a home loan contract...?
Haven't bothered to read that one, but the price of iron ore is quite relevant. In what way no one seems really sure, but it is an indication of the world's economic health at the very least.
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
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Rastus2
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Trollie
27 May 2016, 04:08 PM
If it goes below your $20, be my guest.

I am interested in Atlas Iron, but really want to pick them up for a bit less than their current price... 0.011 or 0.012 would be optimal.

I don't expect them to see their previous highs again, but it seems quite possible they could recover somewhat if IO does not keep heading down.

What do you think trollie ? worth a punt ?
Shadow - Defrauded his Bank ? 2015 I have 9 different loans and my bank had no idea which ones were personal and which were investment. They had half of them classed incorrectly. When this change came in they asked me to tell them if any personal loans were incorrectly classed as investment, which I did, and they switched them to personal for the lower rate. They also had a couple of investment loans incorrectly classed as personal. They didn't ask me about those. So they stay on the lower rate too. Worked out pretty well. :)
Shadow - 2008 Sydney Median House Price 1.25M by 2014-2015

Shadow : I think this boom has already begun in several cities. My prediction :
Peak of boom: 2014-2015. Sydney Median Price: $1,250,000 Bottom of bust: 2017-2018. Sydney Median Price: $1,100,000

Shadow's Original 2010 House Boom and Crash prediction http://s836.photobucket.com/user/rastus22/media/shady-orig-2010-chart.png.html?sort=3&o=0

Shadow's attempt to edit his 2010 chart in 2015 and replace it with one that does not show a crash in 2013 http://s836.photobucket.com/user/rastus22/media/Screen%20Shot%202015-06-06%20at%207.12.52%20pm_1.png.html
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Trollie
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Rastus2
27 May 2016, 05:49 PM

I am interested in Atlas Iron, but really want to pick them up for a bit less than their current price... 0.011 or 0.012 would be optimal.

I don't expect them to see their previous highs again, but it seems quite possible they could recover somewhat if IO does not keep heading down.

What do you think trollie ? worth a punt ?
I'd hold off and see what the september dip in IO prices brings. if they survive that and their debt restructure goes through they might turn a profit in 2017, so buying in the end of year dip would be a better punt in my view.
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newjez
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Rastus2
27 May 2016, 05:49 PM

I am interested in Atlas Iron, but really want to pick them up for a bit less than their current price... 0.011 or 0.012 would be optimal.

I don't expect them to see their previous highs again, but it seems quite possible they could recover somewhat if IO does not keep heading down.

What do you think trollie ? worth a punt ?
I would be very cautious In the short term. Maybe have another look in July. There's a lot happening in June which could be negative.
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
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Rastus2
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Trollie
27 May 2016, 05:55 PM
I'd hold off and see what the september dip in IO prices brings. if they survive that and their debt restructure goes through they might turn a profit in 2017, so buying in the end of year dip would be a better punt in my view.

Thank-you,

I have a mate who just came from the Rising Stars mining conference and is excited about buying into some of the companies who he got to chat to.... every year he goes, and every year he is hyped up.

Was seriously tempted to join him, but with mining shares, I am often the kiss of death.. I made some money on them, but blew some as well with these specs.

Might follow your advice there and hold off... appreciate the honest opinion.



newjez
27 May 2016, 06:17 PM
I would be very cautious In the short term. Maybe have another look in July. There's a lot happening in June which could be negative.

Thanks for that... Trollie seems to agree and I will certainly not boast any confidence in miners with some of my poor history of picking them in the past.

Cheers.
Edited by Rastus2, 27 May 2016, 09:35 PM.
Shadow - Defrauded his Bank ? 2015 I have 9 different loans and my bank had no idea which ones were personal and which were investment. They had half of them classed incorrectly. When this change came in they asked me to tell them if any personal loans were incorrectly classed as investment, which I did, and they switched them to personal for the lower rate. They also had a couple of investment loans incorrectly classed as personal. They didn't ask me about those. So they stay on the lower rate too. Worked out pretty well. :)
Shadow - 2008 Sydney Median House Price 1.25M by 2014-2015

Shadow : I think this boom has already begun in several cities. My prediction :
Peak of boom: 2014-2015. Sydney Median Price: $1,250,000 Bottom of bust: 2017-2018. Sydney Median Price: $1,100,000

Shadow's Original 2010 House Boom and Crash prediction http://s836.photobucket.com/user/rastus22/media/shady-orig-2010-chart.png.html?sort=3&o=0

Shadow's attempt to edit his 2010 chart in 2015 and replace it with one that does not show a crash in 2013 http://s836.photobucket.com/user/rastus22/media/Screen%20Shot%202015-06-06%20at%207.12.52%20pm_1.png.html
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newjez
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Short term I would be looking at the UK and US financial sector.
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
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Simon_S
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BHP CEO Andrew Mackenzie says iron will take longer to balance than oil, copper

Does that mean it will continue lower.........
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Rufus
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Simon_S
21 Jun 2016, 06:28 PM
No, he means it will take some time for the high cost producers to drop out of the market and for demand to stabilise.
When that occurs prices should become less volatile.
Take risks - if you win you will become wealthy, if you lose you will become wise
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Terry
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Rufus
21 Jun 2016, 06:56 PM
No, he means it will take some time for the high cost producers to drop out of the market and for demand to stabilise.
When that occurs prices should become less volatile.
Well if the high-cost producers disappear and demand moves to some kind of long-term equilibrium, prices will remain low.
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