china pulls out of $6bn wa project, page-59

ive been reading the posts.
dose anyone remember that china has been stock pileing iron for a long time.
they are probably in a position to do what they want and how they want.
i wauldnt be suprised to see iron ore spot prices to decrease in the near future and compnies like this and others to go cheaply under the hands of inexperienced investors.
chinas stock piles are massive and they can flood the market at will.
they may have beady eyes but thats for a reason.