great buying at the moment??, page-4

Hi granev. I agree the SP has drifted down but I'm not convinced it's about contracts. IMO it's more likely market sentiment + factoring in percieved uncetainty about whether China may have a correction.

It's worthwhile to compacre contracts from Jan 2009 onwards with those announced Jan 2010 onwards as follows:

2009 2010
Jan $9.5m -
Feb $6.2m $19.0m
Mar Huddys/RIO (ongoing) $25.6m
Apr $22m $ 2.7m

Add it up and you get $37.7m in 2009 + Huddys which is ongoing and for 2010 $47.5m to the end of April.

So ...
(a) I think it's wrong to say there has been very little in the way of news and
(b) there has been news and it's been good news!

Perceptions are important though and you're obviously got an impression that others may also have. Another ann would be timely to keep folks happy amongst the financial volatility.