Infrastructure - At this stage neither company has infrastructure. Jupiter Mines strategy in the midwest may assist both companies. At the end of the day an infrastructure provider will say - "sure we'll sign you up, here's a take or pay agreement". Who is most likely to be able to sign this? For me GWR.
Handbrake - I am very disappointed by GWR's progress. Despite this fact FAS's management does not make me envious at all. I think both need a kick up the...
FAS working hard - so they say on a powerpoint slide...GWR using FAS's facility - what facility?
Your Comment on China and Fas working harder there - this one confuses me the most. Hunan Valin I&S is a a top ten in China, and a top 20, steel producer. They also happen to hold around 15% of Fortescue (there abouts) and 9% of GWR. Through in 15% for Cleveland Cliffs and I highly doubt FAS is ahead of GWR on the marketing front. You cannot market a resource you market a finalised product. FAS working harder in China? on what basis?
Comment on management moving to FAS - No i can't answer this one. Based on what I've seen neither company's managers appear too concerned with shareholder value.
back to you mate
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Price($) | Vol. | No. |
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