ouch, page-16

thats the problem - which side do you take ?
So far today I have read;
"But real, underlying shift in demand caused by China's emergence will be sustained over many decades. It is not going away. And that has changed the demand side of the resources business."
Just a week ago, Mr Albanese told a Melbourne audience that China was "pausing for breath" but that over the next 15 years demand for Rio Tinto's products would double, "sustained in large part by China"."

And from the MGX announcement this morning you read;
"Customer and iron ore sector analysis indicates a slow down in demand for iron ore in China due to current economic uncertainty and the tightening of credit facilities, leading to reductions in steel production and the current significant build-up of iron ore stockpiles at Chinese ports."

My hope is that IO demand will be adequate by the time UMC produce, because the issue MGX announced today will sort itself out once the dust settles on equity markets ??

I'd still like to hear from theseawolf why he/she is so confident of a SP of $3.00 by christmass for UMC ???