i really like this one. notice the volume on the monthly and it's only jan 13th. MMs are playing accumulation games on L2, popping it and shorting it down, absorbing the float, which is only 11M shares.
courts may lift the iron export ban in india by jan 28th, according to a recent IGC PR. if so, and they start fulfilling contracts for china, we could be heading to $1+ territory imo. they have stated on numerous occasions they've got $200M over the next 5 years, and the OS is about 13.65M, last i checked. prorate that and it's worth a few dollars a share on a forward pe basis imo.
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