The sentiment to bulks will change very shortly IMO. It was...

The sentiment to bulks will change very shortly IMO. It was described by an economist that recently visited Chinese elite businessmen like this.......

"State owned China understands it missed an opportunity to increase resource security in 2009. I don't think it will miss this opportunity. Part of its strategy will be to hold commodity prices low. The caveat is the difficulty of long term manipulating iron ore prices. There has been a buyers strike recently and a build up of inventory. But this can't last, storing bulk commodities is much more difficult than storing copper."

I would not be that surprised if we see a bid for AGO and possibly FMG near term. Throw India into the mix and we should see another round of M&A in the coal sector over the next 6-12 months.

CLR is pocket change under $200M