Hardmano
I agree with most of what you said,
However if the Iron Ore price doesn't recover soon AGO
is looking at a balance sheet with big fat loses just
like last year.
"Disingenuous"
I am just saying what the markets thinking!
Long term it is probably fair to have some optimism.
However this is the news at the moment in case you've missed it!
The spot price of iron ore tumbles
http://www.abc.net.au/news/2014-03-11/the-spot-price-of-iron-ore-tumbles/5313990
Underperforming steel producers won't get credit
http://www.abc.net.au/lateline/content/2014/s3961365.htm
Small, high-cost iron ore miners face year of reckoning
iron ore price, page-100
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