this is from AGO thread. asx dude
could be hope yet.
Raging IO Bull
Some positive IO stories for research and opinions Google topics and enjoy.
Australia
Government looking to cut user charges at Utah Port to assist midtiers.
Alan Jones and Andrew Forrest discuss IO supply issue head on (28th April). Concerns over Rio and Bhp and their expansion 'strategy'. Rio to act responsibly in Australia's best interests.
Majors in ATO's sights.
India
India's first 'smart city' under construction in Gujarat
Brazil
Vale signals production cut.
Pakistan
Pakistan signed 46 billion infrastructure deal with China as part of silk road.
Iran, Pakistan, and China form Energy Partnership and gas pipeline.
China
Mitsui stated that Chinese steel and iron ore demand was yet to peak.
Chinese infrastructure ongoing driving demand and 200km tunnel under everest being proposed.
China IO futures hit upward limit as mills restock. 1 months supply still.
China's decision last week to further ease monetary policy helping IO demand.
USA
Statista. Forecast for total construction put in place in the United States between 2011 and 2018. Construction spending is projected to exceed 1 trillion dollars (current) in 2015.
IO
IO increased more than 25% in the last week (9 sessions in a row) signaling a Bull Market.
Bhp deferring some expansion strategies ensuring that
supply meets demand.
Pimco declares commodity correction is over. Stating: "Supply has caught up with demand, and we don't believe commodity prices will go down from here,"
'Mining boom not over, just shifting into a new phase', says Industry Department chief economist Mark Cully.
In opinion....
Opinion that Rio needs to be questioned in detail 'without' quoting the following:
If we don't someone else will.
We will be the last man standing.
High cost producers must leave the market.
Its free market.
Its their responsibility.
* For every time Rio mentions those words in the interview Rio should donate 100m to each local producer in Australia. Similar to a gigantic swear jar.
Alan Jones can u arrange?
In opinion, bears, shorters, expert pessimistic analysts who claimed the iron age is over and no one will ever see above 50 again should now go back to the drawing board, consider a new career and take a long holiday into hibernation grizzling in their sleep. These stubborn analysts / shorters who still forecast extreme gloom sounding like a Bhp / Rio cheer squad need to concede they've been too bearish and simply called it wrong. Try to close your short and move on....
Rio needs to back off expansion and act more responsibly for the IO industry, Australia and it's shareholders and not p#"s off the entire global IO industry with these actions. Bhp, Vale and Fmg are starting to talk sense. Is that clear enough for you Rio? What does your board and shareholders have to say about it?
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this is from AGO thread. asx dude could be hope yet. Raging IO...
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