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Kumba Iron Ore trading after the results

How did Kumba Iron Ore react after those sparkling results? Well, I was actually asked that question and I must be honest, it was actually difficult to tell whether or not the answer was one that was "spot on". I said for starters the actual results were slightly better than the trading update a couple of weeks ago, but the market had already reacted positively to the trading update. Second, the HSBC China PMI number released earlier in the day, prior to our session getting underway did very little by way of scoring for commodity prices. So those two things negative. About the only thing I guess you could get anxious on would be the freight rates that Kumba currently has. After all, it is not like Kumba CAN build their own line or port. Like in err... Brazil. Or even Australia. Just saying.


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