Anyone in Iron Ore has had massive losses, is it because of oversupply by BHP, RIO, VALE and FMG or because of a simple drop in demand.?
I've suffered a massive loss as well. No doubt Tony Sage and Frank Timis have suffered losses as well. But have a read of this snipet from the paper on Gina Rineharts loss over the last 12 months:
"Ms Rinehart's losses amount to having whopping sums of money wiped off her wealth - $19,178,082 per day, $799,086 per hour, $13,318 per minute and if one really wants to dig down to the details - $221.96 per second."
However she's still got about $20 billion left so it's not as bad as us.
I was really looking forward to that CFE dividend but now I'm in a bit of strife as the cash has dwindled and employment looks shaky because of the economic downturn. On the bright side though - I'm not dead!
CFE Price at posting:
7.0¢ Sentiment: Hold Disclosure: Held
