What the Baosteel deal means is that pessimistic Western...

What the Baosteel deal means is that pessimistic Western analyst/traders who fear of a Chinese economy crashing or a doomday scenario for iron ore prices are playing the spot price (ie. selling) right in favour to China Inc. ie. the buy low policy and sell high.

Those analyst and traders ignorance of the Chinese economy and government policies are making us long term shareholders of excellent iron ore companies (such as Atlas Iron) suffer with low share prices because of their pessimism.

Thanks to those id1ots that AGO is trading at 87c.

Who knows the next thing you see is another Chinese company might come in and buy out AGO for e.g $1.20 per share (ie. close to 40% premium similar to Aquila offer).

Those stupid analysts/traders are making China happy everyday.