to sell or not to sell , page-11

Onesteels steel business is already making a loss - and the iron ore business is the only thing keeping them afloat.

The problem is that if the world does enter a new recession, iron ore prices (keeping in mind the drop in chinese manufacturing yesterday) will certainly drop - meaning they are overpaying for WPG's assets.

It will also increase their gearing at a time when its again becoming increasingly nervous to do so.

I think if the all ords get under 3650 they will run for the hills.