It's very encouraging to see them participate with directors in the Rights issue. especially these days. But as I said before we need to look to tomorrow.
I think they'll keep picking low fruit even with the nice position they managed to acquire.
WPIOP cannot fail. It's China's last opportunity to own a vital and reliable pipe line to important resources... Africa and south America are not looking good and could collapse in a big way..
Even the local skeptics who were claiming the Pilbra project is not viable are starting to change their tune.. here is an excerpt from just off the press UBS one:
"A fifth is now also possible, via Baosteel's takeover of Aquila, with its plans to develop a port at Anketell Point," said the UBS paper. "This system could conceptually eventually be 200-300 million tonnes per year capacity, and the first to be open access."
You got to like the phrase "the first to be open access"... this is going to make a difference and perhaps some of the experts on this forum could elaborate on OPEN ACCESS...
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It's very encouraging to see them participate with directors in...
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