"That has prompted the credit ratings agency to downgrade the company's debt from B- to CCC, the third notch below investment grade, a "junk" rating applied to the debt of companies that are vulnerable and dependent upon favourable conditions to meet their commitments."
"A possible sale of assets to Chinese interests is not out of the question."
How convenient. Chinese traders crash the cash prices for Iron after the free trade agreement followed by "Chinese interests" sweeping up all of the smaller iron miners? Surely there is a law against that?
AGO Price at posting:
12.0¢ Sentiment: None Disclosure: Not Held
