china and iron ore, page-37

Magix. Agree with much of this.

Bungy. Sense it runs deeper than price negotiations.

Only ships allowed in are those with authority to load. Got to have letter of credit. “Because of world credit crisis”.

Nothing happening in their ports. Guy I know who works for them said to me today: "Makes you wonder what the hell’s going on”.

We’re seeing tip of iceberg at minute. Major expansion projects put on hold. Eg Brockman IV. Loaders and heavy equipment going to be parked in Dampier.

As I said. More going on than we're seeing in ASX releases.

Tsumani on its way. Grab a surf board. And a pizza. May as well eat on the way through.

BUSH