this time will be different!, page-54

Im sorry Rocket I forgot to answer your question about where are the buyers.

There are a lot of people sitting back waiting to see what the next round of Quarterly Announcements will be like.

Please Note this applies to every single miner:

Share Price rises occur after significant sales/profit upgrades. For these iron ore producers like GRR and TTY, the next SP rise will be significant over the next 30 days. I'll explain why.

The last quarterly announcements which highlighted prodn, sales prices and profits for iron ore shipping for producers like TTY and GRR (the rest of them are in the same boat! FMG BHP RIO etc, but I like accelerated returns on undervalued assets like TTY and GRR.) occured on the during the month of April. This quarterly announcement represented the period between January 1st and March 31st. During this time, the benchmark price of iron ore was $62 per tonne. As of April 1st, the benchmark skyrocketed to $120 per tonne for the period April 1st to June 30th.

THE NEXT QUARTERLY ANNOUNCEMENTS FOR THIS PERIOD WILL BE THE FIRST TO SHOW THE MASSIVE AMOUNTS OF PROFITS THESE IRON ORE MINERS HAVE BEEN MAKING!!! As per ASX Rules, the Q2 Announcements are required to be announced to the market by April 30th 2010.

And the next quarterly benchmark (July 1st to September 30th) has been locked in $140 per tonne!!! Which will be reported on by the 31st of October!!!

Analysts have a full time job, and dont want their bottoms kicked, as such they are precautionary with their client's funds, which is the right thing to do. So they will not act, until after these announcements are made, wait for volume and price rises..............then BANG!

Enjoy the next few weeks fellas!