TYX ARI TRF

That's the kicker right there Catweasle.... it's hard enough for...

  1. Nodferatu
    3,621 Posts.
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    03/09/14
    15:14
    Post #: 13918715
    That's the kicker right there Catweasle.... it's hard enough for one company to try and make money from Iron, let alone 2 in a deal like this.
    It all sounds good and convenient(which it is), but only if the IO price is right. As it happens, its not. I can't imagine the price Arrium can pay will be more than IFE's C1 costs to produce.
    A friend of mine (within Arrium) tells me Arrium are screaming for more ore. Hopefully if the price (ever) returns, this could be a good thing; can't see it being anytime soon though....

    KK
    TRF Price at posting: 5.2¢ Sentiment: None Disclosure: Not Held
    ARI Price at posting: 75.7¢ Sentiment: None Disclosure: Not Held
    TYX Price at posting: 8.9¢ Sentiment: Hold Disclosure: Held
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