Well you'd hope the chairman of a company pursuing a takeover would be in favour of the asset he was trying to buy.
But note this very important bit "'solve the long-term demand and supply problem in the iron-ore market'' and thereby stem what he said was $70-80 billion in annual losses that are flowing to the three iron ore giants, Vale, Rio Tinto and BHP Billiton."
In other words when demand and supply meet, prices will come down a long way from where they currently are.
Now this is bound to happen with or without SDL leases, and it is why the long term broker price forecasts are all around $70-80/t and the current spot price is a windfal only for existing producers while the supply gap remains.
SDL Price at posting:
31.5¢ Sentiment: None Disclosure: Not Held
