Alloy Steel Inc. (fka AYSI)

[Swick984]

Iron ore expansion activity ramping up. I'm surprised AYSI is languishing here with what appears to be a motivated seller. I'm picking up shares here opportunistically as I feel this will trade higher. 2nd half 2018 financial comparisons will be favorable to prior year relative to the 1st half 2018 comparisons. Working capital was high in Q2, so that should convert to cash going forward, improving the already solid cash position. While its been a frustrating hold, value is still there, if only they would do something to realize it...

https://thewest.com.au/business/mining/bhps-100-year-pilbara-mines-plan-gets-green-light-ng-b88891390z

https://www.afr.com/business/mining/rio-tinto-bhp-vale-tipped-to-report-strongest-ever-quarterly-iron-ore-exports-20180713-h12nst

https://www.thetimes.co.uk/article/pilbara-gains-put-rio-tinto-on-target-s3qqc2xbs