Rio BHP helps create Chinese Pilbara, page-2

I normally post only in optimistic posts. Matt, You are 100% right, china (like India) will not unfold any of their govt owned IO companies, not like Australia because their regulations are totally different. BHP\RIO will be the losers at the end.

IMO, AGO will not unfold for now as there are lot of positives with cash on hand, within debt covenants, no repayment till another 2-3 years (yes they are digging IO at greater than spot price). They may extend the suspension to weeks\months, mothball some high cost mines etc. etc. and see how IO recovers because what we are seeing is un-precedent IO spot price.

See my IO post in BCI for support\resistance for spot price. IMO, IO will recover to $65, again optimistic. GLTA. Holders, dont worry be optimistic, try to neglect the pessimistic posts like Admin, 5c, atlas shrugged\doomed etc. for now till the comprehensive review comes out, otherwise you wont be ablt to enjoy today's life.