Post by
retiredcf on Jun 20, 2022 10:20am
$4.46!
Once again we have a huge overreaction to news that Chinese demand has eased back a bit while they sort out their covid situation. Lots of panicky investors. GLTA
Comment by
charlot73 on Jun 20, 2022 10:26am
Agree with you Retiredcf. Time to accumulate !
Comment by
retiredcf on Jun 20, 2022 10:51am
And Labrador Iron Ore Royalty is in the green. GLTA
Comment by
Dibah420 on Jun 20, 2022 11:46am
There were 4 new cases in Beijing on June 19 with a 7 day average of 15. A mere blip amid a huge population. The 20th Congress of the CPC is later on this year and Xi will do everything to perpetuate his hold on power. I anticipate China will be the first to emerge out of this downturn.
Comment by
Thumb1972 on Jun 20, 2022 12:10pm
I think the rumours (again) of China's plan for an Iron Ore Cartel have also added to some panic selling....whilst the drop is frustrating I am very exited about our future!!! Best regards, Thumb
Comment by
Gr8brt10 on Jun 20, 2022 2:11pm
The harder the shorts push the price fown, the more violent the reaction to the upsude when they can't push it any lower. I too topped up today :)
Comment by
OuijaFund on Jun 20, 2022 1:12pm
This morning I bought 1K at $4.68 and $4.56. This stock has really fallen apart in a short amount of time and my average cost is $5.70. The stock will be lead up and down by futures, but in the end the only thing that matters is EPS, not feasability studies. That said, the 69% upgrading plant announcement can't come soon enough.