Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
Hi James and Team Your current view please on the Iron Ore names - especially RIO and FMG - FMG has reached a new high and RIO is closing in on it's all time high. How much higher do you feel they can go? - Will we be able to hold for their Feb/March dividend and hold on to the gains or do we sell or lighten leading up to reporting and dividend payout.?? How bullish are you? regards Debbie
Hi Debbie,
We’ve been asked this/similar question a number of times over recent months and we remain bullish on the bulk commodity, and related stocks. We are still targeting the $US150 area, or ~10% higher with the sector likely to follow, as we’ve said a few times this week we have no intention of trimming our BHP position below $50.
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