how many ships this quarter?, page-5

Will the TTY clowns ever make a dollar?
Grange GRR will export 2 million tons of IO pellet this year and make $200 million profit. I'm selling down TTY and buying more GRR, at least they have

1) GOOD MANAGEMENT
2) good reliable production
3) good off-take agreements for full production
4) one of the highest IO pricing margins in Australia
5) $120/tonne profit on every tonne they deliver
6) Large cashfow
7) Huge resource to develop with all approvals in place
8) pay fair wages to Directors, not 'over the moon' like TTY.
The Chairman of Grange gets $130,000 pa. Have a look at what that clown Andrew Simpson gets including his perks and his rip-off marketing services payment of $144,869, his total is $300,000.
AND I thought that the Noble Group did the marketing.
9) GOOD MANAGEMENT
10) GOOD MANAGEMENT

I'd bet the clowns at TTY will make a loss for this quarter, I'd bet they'll still want their huge paypackets.

Iron ore pricing is on the move back up again, so now that the big wet is over, how about these clowns try to make up a few shipments, since they've let us all down so badly in the past.



Is the iron ore market on the brink of revival
Saturday, 26 Mar 2011
The movements over the past few days have given signals of revival in the iron ore prices which has been downhill for the past 1 month having dropped by 12%.

Although steel demand is yet to pick up in the domestic market there has been some rumblings of improvement off late with stock depletion. Since most of the mills being virtually out of the market for the past 1 month the iron ore stocks have plummeted from a normal 45 days stock to 1 month compelling them to make forays in the market.

The futures market went up by USD 1 per tonne today with abundant enquiries. Indian iron ore fines Fe 63.5/63% goes at USD 171 per tonne to USD 173 per tonne on the spot. The gain was prominent in the lower grades but yet touch the higher grades. The appreciating CNY v/s USD has helped the cause for imported iron ore.