A: Thanks for the question.

In case you didn’t see Charlie’s comment in Saturday’s Switzer email, I have copied it below:

Peter Switzer: And on love, hate and Charlie, some subscribers have tried his risky call on a smaller miner and are pondering “what just happened?”

I asked Charlie for his position as of Friday afternoon and he sent this through to me: “The iron ore price had fallen more than I expected in quick time. The stock is ex dividend and it appears sellers are capitulating. I still think it's a cheap stock and the logic of the IOH merger has merit. Like all single commodity stocks, it is volatile. While in hindsight my timing was premature, I remain of the view it is a cheap stock.”