Arrium sells IO at a Loss

Arrium has been selling IronOre last quarter at a LOSS.
BHP and RIO show no signs of stopping the flooding of Iron Ore into a market that is well over supplied.
They are driving IO producers and consumables out of the market for domination.
AGO is gone, MGX is next i feel and Arrium is also on the administration cards.All other small IO explorers and producers will disappear within months,
As stated in ARI quarterly, there is no positive signs for IO pricing in the near future and a Trading Halt could end this forever.Its sad for all the smaller IO co[panies but this is the ruthless nature of this business.
Read the link below from 2 days ago.
facinating read



http://www.theaustralian.com.au/bus...iron-ore-at-loss/story-e6frg90f-1227311555342