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Kumba Iron Ore (KIOJ.J)


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#1 JR7800

JR7800

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Posted 03 October 2017 - 04:26 PM

Hi all

 

The Iron ore price have fall from $70 to $62 a tonne and China is shutting down plenty of steel mills. The rand on the other hand has weakened against the dollar so this will help Kumba again.

 

I expected a drop in the price of Kumba on the back of the above mentioned.

 

Thinking of shorting this share.

 

Any thoughts?


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