citic group to the rescue, page-7

Dear Barney W

No Im not getting my Knowledge from the papers son. I dont cut AND PASTE TRIPE FROM THE iNTERNET ON HERE AS WELL THATS UNRELATED. Here's something I posted elsewhere on Monday. ARH has a project 80kms from Karratha. I live there and own Property there.



QUOTE ME"Yesterday I had cause to visit the Control Room of the Dampier Port Authority


A Very Intersting discussion ensued.


Exports of iron ore have virtually ceased at this point. There has been one ship depart in the last week. In China Ore is stockpiled everywhere. At One Majot Port information suggests that they have a 12 month supply of Iron Ore.
Rio has commited to a 30 Million Tonne Stockpile in Dampier using personell from Brockmans mine which they are incidentaly closing.

For those interested parties: If you have FMG shares GET OUT NOW. Mt Gibson: same and any other of the Iron ore hopefuls.
If you hold Rio Tinto shares consider getting out now(. BHP's in the same boat up at Pt Hedland).

Thinking people will know what this means for the resources boom.
It's Over. END QUOTE ME

Still got issues or comment about my information.

I reakon youre making your investment decisions on a lot shakier ground than me. barneyw