Hi guys,AXO will be fine if the management feel fears from CFE's...

Hi guys,

AXO will be fine if the management feel fears from CFE's court order. As told, the 5 selected bankers should be on site today. The brief result will be given by the end of Friday or after market close,,, they used to .
We should have confidence because the management will lose more than us if they fail to get the project finance.

Rio Tinto may betray BHP & Vale if it really sell in the spot market since the spot market price was higher than the benchmark. So the benchmark was negotiated higher due to a strong spot market. Easy rule, demand and supply, will make spot market price lower if Rio Tinto selling more in the spot market. It will only make price lower for a weaker position to negotiate with buyers later. Since China has 9% Rio stock, I reckon somebody betray us to give China a gift.

Gindabie is very interesting which boss said the price will increase 15% in coming years. Of course, he should tell you this becasue GBG's production may be higher at $68 per tonne!!!

Iron ore price is expected to be 18% increase next year according to Golden Sachs analysis.

Good luck

AXO seems drop to $0.29 if market tumble again in early October.