io price, page-364

RIO NYSE Down -1.13%
BHP NYSE Down -0.20%
VALE NYSE DOWN -2.37%
CLF NYSE Down -0.57%

PLatts Spot Price 62% Fe Down 40 cents now $95.20/dmt US

PLatts Spot Price 62% Fe $102.26/dmt AUD

I was watching Charlie Rose on Bloomberg last night and the following streamed across the bottom of the screen:

"Atlas Iron Offers Cheapest Bet on Ore’s Rebound:Real M&A"

Despite what the following article says, they are clearly not making any money at these low Iron Ore prices, however they have a very good point, if someone is willing to pay 1.4 Billion for Aquila Resources then AGO is definitely a potential target for a premium take over bid!

For acquirers betting iron ore prices will rebound, Australia’s Atlas Iron Ltd. (AGO) is the cheapest potential target.

http://www.bloomberg.com/news/2014-...s-cheapest-bet-on-ore-s-rebound-real-m-a.html