2 dollar tuesday, page-4

AGO in trading halt due to capital raising. Had 65 milon 3 months ago.
With MMX cash spend on Rocklea and others what will there figure be.!!! $30 million for quarter or worse.

Chinese traders have stopped stockpiling IO like they did during the last half year.

China Inc has been humiliated. How bad do they need Aust IO !!! Will they focus on Africa and South America and give major investment in Australia away, for the time being.

Its being stated they will not settle for anything less than 40 % plus discount in IO contracts.

Fuel continues to raise. Cost of shipping to increase.

Australia dollar continues to raise reducing IO revenues for Australian miners.

CHM continues to exist and be a threat.

All of these factors weigh on MMX and other miners.

Through in GFC that many beleive will be W shaped and you have some degree of risk in the austrailan commodity markets.

I see a major market retraction very soon.

DYOR