VMG 0.00% 0.1¢ vdm group limited

i think the tide is well and truly out for this sector and the...

  1. 251 Posts.
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    i think the tide is well and truly out for this sector and the iron ore price i think is droping due to over supply for the likes of bhp,rio,vale and fmg it might shut down a few of chinas mines which are a lot higher cost compared to the above mentioned producers,vdm group looks to be heading well and truly away from service based work into supply of machinery but why try and supply a dying industry with machinery that is already over supplied,yes china likes to support their own but i am sure there are plenty of machinery suppliers already from china ready to supply with much better known brands,backup and parts available.Again any sort of news from head office would nice,i am still only young and have no time line or retirement deadline looming so can wait for a result with this mob no matter how long it takes. I am interested to see this play out and see why the Doctor has pumped so much into this shot duck
 
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