"The Chinese are in no hurry. There is classic 'Art of War' stuff going on. At the moment there is no reason for the (iron ore) price to go up."
Read more: http://www.smh.com.au/business/mining-and-resources/fortescue-halt-sends-rumour-mill-into-overdrive-20120914-25wso.html#ixzz26QSbjeVg
If this logic can be believed, then any monitising of fix assets will be done on a fire sale basis. Twiggy may value his rail/stock to be $4B but any willing buyer has the demanding voice of discount.
baosteel could do a placement @ $4.00: afr st, page-39
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$19.76 |
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| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
|---|---|---|
| 3 | 4673 | $19.73 |
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| Price($) | Vol. | No. |
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| $19.76 | 31740 | 2 |
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