fe sub $50, page-45

hi goin long, would suggest that xjo is a very different animal to asx, approx. only 3% of pop hold shares, more important what china gov't is doing, they have a far greater control over their economy than in aus. Don't know where you got 10% unemployment forecast from? Fundamental problem for IO is that supply is outstripping demand and will continue to do so in the foreseeable future. Add expansions through vale, roy hill and lets not forget fmg's recent increase in output and it could be a decade or more before we find an equilibrium where prices are back to where twiggy is hoping. Agree this is not good for the aus economy, but we live in a globalised market. You know that things are bad when people start hoping for takeovers or chinese investment as their salvation. Unless there is strong evidence of increased demand in the short to medium term why hold investments in IO.