BC Iron update

Can you ask Charlie to provide an update on his BC Iron call? Those who got on board have seen unrealised losses of 50% meaning the stock needs to double for us to break even. Did he employ a stop loss or is he still in the position?

A: Thanks for the question on BC Iron.


Charlie provided this input this morning:


“Well I liked it at $3.00 and therefore must like it more at $1.50. As I have written, the speed of the iron ore price fall has caught everyone off-guard, but iron ore is bottoming, the AUD is going lower and corporate action is starting in the space. The stock is massively oversold and potentially now a corporate target itself.”



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