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ozexplorer

14,963 Posts.

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21/03/15

11:40

Post #: 14955012
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Originally posted by sergeant ↑

We all know that these prices can only be withstood by VALE, BHP, and RIO, so the sooner the white flags get put up the better.
I had a smile on my face this morning when, within 24hrs, FMG had rescinded on a $3.5 bill debt refinancing due to lack of interest, and then BHP placed $1bill debt at the LOWEST price EVER for them at 3%. What does that say about the market....?

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very true ........ a very interesting situation is slowly unfolding.....
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