Australia's largest stock trading and investment forum Australia's #1 stock forum

doubt it, China will likely make a play for Simandou instead ......

First 4 Last

Share
Profile

Follow
ferronium

1,306 Posts.

17/03/15

19:59

Post #: 14930431
Share

Originally posted by Marketscan ↑

""i think China may have Iron Ore plan""

short/medium term will be to buyout most of the Iron Ore producers.

points

1) by the time in which Iron Ore price recovers.

China will have stock piled many football grounds of the good stuff.

2) ok, price has recovered a little from major slump.

thus the Ozzie companies say "ok are you going to buy some of the good stuff.????"

Chinese answer: No we've got Iron Ore stock piled up too our eyeballs. it will take some time before our current level drops below our buying level.

3) oh great, just when you think you're out of the crapper, along come another problem.

4) at this point, it's time to buyout a few players

ie: AGO, BCI, MGX, PERHAPS GINA & ROY HILL, LAST BUT NOT LEAST FMG.

food for thought.

....

Expand

doubt it, China will likely make a play for Simandou instead ... http://www.miningweekly.com/article...simandou-auction-in-april-minister-2015-03-16
Upvote

Reply

Top Stories

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

ALY

Alcidion inks deal with Vic health provider Peninsula for use of Miya Precision tech

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

First 4 Last