Pete Wargent blogspot


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Thursday, 10 December 2015


Another of last year's stock tips goes belly up.

This time it is BC Iron (BCI) that has gone into a trading halt pending a "review of operations".

Gina Rinehart's Roy Hill Mine is now beginning production and the iron ore price has been dumped below US$40/tonne in the past week, way below BCI's estimated cost of production. 

We all make good and bad calls, but some of these stock tips have been no better than pure gambling.