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28/02/12
14:56
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esteemed Gindaldan,
re your comment "Still see no reason why this can't be $1 by December when we are shipping at 10mtpa (pending global factors)"
It's my understanding
1/- Greece is now more likely to resolve its debt problems at least in the short-term;
2/- and if so, any other Euro-aligned countries would likely follow the same model;
3/- If China doesn't has a 'soft-landing' as some commentators now believe;
4/- The US economy is VERY SLOWLY recovering - although this will most likely take longer than expected;
5/- and Iron Ore prices are maintained, even though GBG's product is already spoken for;
6/- GBG are meeting their present milestones and with some careful management and a dose of luck this will continue...
...then I suspect there could be reason to be more optimistic...perhaps we might see $1.50 by December?
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