baltic dry index rises sharply by 182 to 1498, page-15

BDI is irrelevant. What matters is;
- Iron ore will be down 20-40% in the new contract
- coking coal will be down 50-60% y-o-y
- base metals won't be up anytime soon
- manganese and chrome are already down 30%+, who knows where thats heading
- petrol is cheaper than milk again, last time probably when Keating was at the reins
- Ravensthorpe sucked 50% f the half year profit. This half year profit (before abnormals) will not be repeated again for a couple of years, if ever.
- Worsley is a stinking dog. Prepare for $3Bn of pain.
- yabulu is a hooker with no clients. Prepare for more pain.
- God alone knows whats next. Cannington? A few diamond mines? Chilean copper?

Yeah conix, its really a great time to buy into a great sucker rally on BHP.