if rio falls thru ?, page-3

I would be expecting something lower..in the order of $10 - $12. There will be plenty off-loading; we saw 10m volume today. CSN and TATA already have their stategic holdings. If Passport dumps then expect a soft price.

I guess it will be back to the Chinese MOU that was put on hold whilst RIO made their bid.

I do not see the bid as dead just yet, it may go unconditional.


Cheers, Skip