"Better late than never" The CEOs of RIO and BHP are being paid multi millions of dollars per Year to run their companies and provide returns to their shareholders. How are get paid so much money and let the shareholders down by producing so much IO into an already oversupplied market? Simple Simon would know this. The best thing that they can do is to cut production now, this will reduce the amount of Iron Ore that goes to China, and this will increase the price of Iron Ore. Simple isn't it. I tell you what you what, make me CEO of RIO, BHP or VALE and I promise to decrease the amount of IO produced and increase the share price and give every shareholder a bigger dividend, how about that? Please contact me via Hotcopper/Richie2013.
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