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Swick984

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Swick984

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Wednesday, 08/05/2020 12:49:23 PM

Wednesday, August 05, 2020 12:49:23 PM

Post# of 7895
Added some today as well. The news for the iron ore industry out of Australia has been generally positive, with BHP hitting new highs today. Iron ore production has remained quite strong and the steel industry in China appears to have returned to normal levels of operations.

I think the quarterly report that will come out here in the next two weeks should continue to show strong operating results. The strength in the Australian dollar will help make Q4 reported results look stronger on a USD basis.

Business remains undervalued, with some good innovation and potential growth in the wireless smart plate. I'm curious if they will charge a fee on monitoring, which would be a nice recurring high margin cash flow stream...
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