Had to run just to go slowly backwards.
You and every fund manager on the planet
The grind down continues...
Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
Had to run just to go slowly backwards.
Iron ore particularly whilst Rio and BHP flush out the minors
Takeovers on the horizon?
Iron ore particularly whilst Rio and BHP flush out the minors
cost of current production in Saudi Arabia is $34US/bbl, I thought?
There is a reason why the juniors can not match the cost of production at the majors. Not all of it is due to economies of scale, but due to the quality of the assets.Well, think about it.
The "best" assets around will be either bought on the scrap heap or taken over. Preferably the former, if you are a RIO or BHP holder, no?
Cuthroat stuff ATM.
The 2 biggest miners on the globe will survive Im sure.
cost of current production in Saudi Arabia is $34US/bbl, I thought?
only two remaining shares exposed to iron ore
(unless one wants to consider indirect effect through government royalty)
NHW: its such a small position now, doesn't matter.
MCS: still holding, a larger position.
On the side lines.
Andrew forrest annouced today that he would like all iron ore mining companies to put a cap on production. He was calling out to the big ones - RIO, BHP, and the large iron ore company in brazil too. Hoping to get the iron ore price back up to the 70-90 mark.
Im working up on the FMG sites and its pretty obvious they are going through some real tough times. Twiggy has been up to site himself twice in the last couple of months
Ive been up here for 3 years and never seen him come up before.
yes you have to wonder how long FMG can go. Am sure Andrew has stripped out plenty of cash just in case....
surprised a lot of these guys have gone as long as they have
They were paying out large dividends in the good times and Twiggy is a big shareholder....