All this talk of a few years ago about the Chinese needing to break the dominance of the big iron ore players......
History will repeat itself, it's not a case of if but when.
Shareholders of the big players will also have an impact, when they start to vote against large and expensive expansion plans in a depressed market, compared to paying shareholders dividends.
In the current climate, the company should also be re-negotiating some agreements with staff, contractors and suppliers which were signed when the iron ore price was close to double what it is today and money in the iron ore sector grew on trees.
AGO Price at posting:
23.2¢ Sentiment: Hold Disclosure: Held
