@insafDo you really think that EG would have sold without the...

@insaf

Do you really think that EG would have sold without the boards approval?

EG is probably far better off taking the money even if it means losing her job.

You cannot give 1 percent interest loans - have u not heard of arms length trabsaction when dealing with the ATO

Absolute garbage. Borrowing money to pay tax bills is perfectly legitimate. So is lending money to employees. FMG could use the shares as collateral.

Billet prices have increased in September as Chinese mills are buying to meet demand.

They pumped up demand because the steel mills are going to be shut down for the Winter Olympics.


Tbe evergrande issue has made an overreaction. Infrastructure is high on the agenda to stimulate economies

You obviously don't read any news from China.

The CCP is widely expected to let Evergrande fail. They have cracked down massively on residential construction (30% of Chinese steel consumption). The most recent government land sales (last week) saw almost no buyers.

Io is sustainable at 130 to 150 usd range.

Nobody believes that. $80 is considered a realistic upper price for 2022. April 2022 futures are only $64.

You should read The Global Times - the unofficial mouthpiece of the CCP. They have stated on multiple occasions the goal is to eventually replace all Australian IO and coal imports. China can use a single buyer and contracts (like the Japanese did) to set prices and allocate supply to individual companies.