Two months ago shares in Bellzone Mining (BZM) were steaming ahead as all iron ore stocks made stellar on hopes on a surge in Chinese demand and a consequent increase in iron ore prices during 2013. Some of that euphoria has now evaporated and with Bellzone itself serving up mixed news the shares have slipped by 2p to 14p since the start of the year. This still values the company at £102 million but to lose 12.5% of your market value in less than seven weeks is a little un-nerving. So is it time to cut and run?
on TradingResearchPoint | CommentsFiled under: