upbeat presentation from jones, page-50

Yeah dead right Roo.

I understand your position and wish you good luck- who knows 59c may have been the bottom, no-one knows and time will reveal all that's a mystery now. Main game is stay safe whatever you decide and each individual has personal situations they must consider. Good luck.

I tend to think if GBG announce the finance is OK and EPA is complete and Ansteel still love them, then regardless of the market, it's worth hanging onto or buying because they will have EPS in the end. At 15mtpa Ansteel will probably take all as planned, if things haven't improved in a year or 2 then the >30mtpa targets are questionable and will be postponed like you say. FMG expansion plans are probably shot. BHP and RIO will postpone their major expansions I reckon, and that's agood thing for the whole industry.