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Alderon Iron Ore (IRON-T)
TSE:IRON
0.08
Financials
Technical Analysis
$0.285
No
Likes what they are doing. Deposit is very good. Probably the best iron ore deposit in Canada. Best located. Infrastructure is there. They can handle the CapX. Their partner was supposed to come in and spend a bunch more money if the feasibility met certain criteria. Feasibility met the criteria but the Chinese said they needed a month to look at it. Now waiting for the Chinese to come back and say they are in, which is expected about the middle of March. He would wait for certainty on this before buying.
(A Top Pick Sept 15/11. Down 44.44%.) Iron prices have collapsed and taken everything down with it. Despite that they have progressed and executed their business plan, which was to bring in a partner. Have a Chinese partner which came in and put in a bunch of money. The next hurdle is a bankable feasibility study. If that comes in and meets certain requirements, the Chinese partner is required to fund the development of this.
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Alderon Iron Ore(IRON-T) Rating
Ranking : 1 out of 5
Bullish - Buy Signals / Votes : 0
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 0
Total Signals / Votes : 0
Alderon Iron Ore(IRON-T) Frequently Asked Questions
What is Alderon Iron Ore stock symbol?
Alderon Iron Ore is a Canadian stock, trading under the symbol IRON-T on the Toronto Stock Exchange (IRON-CT). It is usually referred to as TSX:IRON or IRON-T
Is Alderon Iron Ore a buy or a sell?
In the last year, there was no coverage of Alderon Iron Ore published on Stockchase.
Is Alderon Iron Ore a good investment or a top pick?
Alderon Iron Ore was recommended as a Top Pick by on . Read the latest stock experts ratings for Alderon Iron Ore.
Why is Alderon Iron Ore stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is Alderon Iron Ore worth watching?
0 stock analysts on Stockchase covered Alderon Iron Ore In the last year. It is a trending stock that is worth watching.
What is Alderon Iron Ore stock price?
On 2020-06-04, Alderon Iron Ore (IRON-T) stock closed at a price of $0.075.
A fantastic deposit in Newfoundland and then the iron price dropped so now he thinks it is dead money. He got out and lost money.