watso was reading in the newspaper this morning, that the...

watso was reading in the newspaper this morning, that the chinese will be looking at other iron ore projects, to invest in - as they seek alternative sources of supply, away from the domination of the bhp/rio partnership (planned partnership).

watso wonders if it was chinalco, which was behind the buying in gda yesterday, which forced the price up by an impressive 18%. maybe chinalco are after gda's 15% stake in parker range. corunna downs is a bit of a long shot, but watso can see 20,000 coolies picking up some iron ore type rocks, from the surface, putting them in wheel barrows and taking them to the fmg siding, a few 100 km away.

a bit surprised, that gda did not release news of the number of shares that were taken up with the expiry of the options - guess, that should be announced within a couple of days (maybe monday or tuesday

interesting, that in another thread, fatstocks has mentioned the deal between bci, and fmg. keep in mind that bci have only 60m shares on issue. the present market cap of bci is about $50m. to put this into perspective, gda are several years behind bci, and will need to spend several millions in exploration, and even if there is success, by that time, the share capital will have ballooned out to more than a billion shares (probably 2 billion - - do you know how much that is?????? - well, watso has never even tried counting to that number)