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Kumba Iron Ore (KIOJ.J)

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#1 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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