If Wally is buddy with Ivan Glasenberg and perhaps even with Ivan the terrible from Kiev, then no wonder our Chinese friends are getting uncomfortable (not just from the choking toxic thick smog hovering across all of Northern China).
The IO cartel never intended for IO price to be $68..no way....$90/T perhaps....
Vales is already making a loss, BHP (oils aint oils, coal bust) is now squealing, RIO may fear (hike royalties, diesel rebate revoked or Glencore hostile merger or maybe next time Labor brings in another RSPT - not MRRT then it's your bloody problem - you disloyal ungrateful bastards in London).
SDL Price at posting:
3.4¢ Sentiment: Buy Disclosure: Held
