what is df going to do with the millions, page-26

Hi Guys,

Around the 2.80 mark is where a few analysts had AGO pegged AT THEN CURRENT PRODUCTION RATES when the IO price was peaking higher than it is these days. Most of AGO sales then were not at the peak prices so for the SP to be holding 2.80 these days, it would appear that there is some adjustment for both slightly increased incremental annual production and the price for the product at the mills holding relatively steady compared with the average sale price previously.

Chinese New Year celebrations delay movements of IO inside China so not really an ideal time to assess continued demand as stockpiles fluctuate to accommodate the delays.

Still highly dependant on the way China fares within the world economy.

imho neither over valued nor undervalued atm but suspect to catching cold if China sneezes.

I think that in general with the Dow flying along the way it has been there is scope for some revaluation of the Dow in the next few months.

I will be looking to see if the SSEC rises as the Dow falls to restore the natural value added growth of China in relation to the US long term.

Swings and roundabouts.

ifandwhen