I think you're missing the point. If BHP & RIO did not increase supply, the other suppliers would (and do) and the IO price would still come down. The IO resources industry, like any other, will always attract participants at the incentive price. It happens in gold. It happens in real estate. It happens in oil. It even happens in agriculture. A good parallel here is the oil and gas industry - people aren't as incensed with the shale oil producers for supposedly trashing the oil price as they are with BHP and Rio. Oh, but wait: low oil prices speaks to our self interest, so thats OK. Low IO prices effects your investment, so that's not OK. The argument against BHP and Rio is a very parochial and unsustainable one.
GRR Price at posting:
10.5¢ Sentiment: None Disclosure: Not Held
CFE Price at posting:
7.6¢ Sentiment: Sell Disclosure: Not Held
GBG Price at posting:
2.0¢ Sentiment: Sell Disclosure: Not Held
FMG Price at posting:
$2.34 Sentiment: Hold Disclosure: Held
MGX Price at posting:
24.0¢ Sentiment: Hold Disclosure: Held
AGO Price at posting:
19.5¢ Sentiment: Buy Disclosure: Held
BCI Price at posting:
54.5¢ Sentiment: Buy Disclosure: Held
