A Higher Offer for Molcycop, page-21

Iron Ore up 10% for the week. still so many naysayers about China and their supposed hard landing. There is a lot of potential value in this division of the business after all the cost cutting that pretty much nobody is realising. The spot price average for the calendar year is still a dartboard, but the massive concerted effort to short all commodities is clearly changing. How many more $/tonne until it turns healthy and well profitable, and creates free cash flow for other parts of the business? If the trend continues and it runs at say even a couple of % a week for three weeks, what impetus is there for the GSO deal based on those market conditions? More than anything, this was driven into the ground by the collapse of prices. Blame management, individuals, unions , whoever you like, but when the stuff you're selling falls to decade lows in a little over a year, good luck not bleeding cash and surviving. The trend of metals, oil, equities, commodities is reversing big time, yet nobody believes this will continue.