overhang, page-8

re: overhang - big change Regarding BHP - they have announced huge expansion of Fe output in the Pilbara, so they are not interested in Mindy or taking over CSM for that matter.
They have lost a round in court over access to their rail line - no problem to drag this thru the courts for a few years until competitors decide to build their own rail line. Then there is the issue of rail usage charges...
If CSM is to be taken over it will likely be Xstrata or a foreign corp. BHP + RIO have plenty of resources which they can mine anytime. l dont think MK is looking for a t/o, nor do l see it as being in the long term interests of shareholders. Look at MIM which was bought for $1.70 and conservatively would be worth $6 - 8 today. Long term holders got shafted by Xstrata there.
The short selling is in relation to stainless oversupply and demand for Mn. Does anyone have knowledge of the use for Mn and whether it is used in ordinary mild steel or only in alloys ? this is a vital subject - where are the resident metalurgists ?