GRR 3.64% 26.5¢ grange resources limited.

Ann: Potential Asset Impairment and Change in Accounting Policy, page-63

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  1. 13,783 Posts.
    Collusion by the Duopoly to bring down IO prices and undermine the future for lower tier miners in the same Country .. our HOME ??
    THIS is Corruption of Markets ..by the manipulation of supply to FLOOD the EXCELLENT Demand coming from our neighbors in ASIA in 2014.. why ??
    to KILL other smaller players !!

    can we do the same in
    BANKS ??
    or Energy Providers ??
    or Insurance Providers .. ???
    or Telco's ???
    or Medical Clinics ??

    can you imagine the Prices of important services would reach.. if we let a Duopoly Form in theses other industries ??
    what wouldn't they do to destroy competition ??
    then what would happen with NO competition ??? = prices RISE !!

    its the same now in IO ..i understand thy ll do what they can to destroy competitors ..ok but in your HOME Country too ?????
    its wrong on sooo many fronts .. where is the "Mates help Mates" diggers spirit in the Pilbra ??? .. makes the struggle thru the Kakadu trails and diggers helping each other thru Adversity in 1st world War seem a farce ... if we don't support each other at home too.
    IO industry Big Players are selfish, destroyers of faith and wealth of fellow Ozies trying to have ago too... its pathetic ..and Shameful on sooo many faces ..

    Gov , RBA and Ind leaders ..are accountable for much of the Wealth Destruction ..
    for the Ozi battlers losing all their money in months after years of investment support ...its disgusting !!! on sooo many levels

    when will the industry, Gov and RBA wake up to this imbalance of supply .. by putting quotas on IO exporters ( like wheat farmers have ) .. to stop Collusion by the big 3 and the destruction of competitors and their supporters wealth in OZ as De-listings begin .
 
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