sellers

Why are sellers selling out at these prices? Most owners would have to have bought in at higher than the latest prices. Yet we are seeing orders of 30000 at 33cents. Surely these sellers must be taking a loss.

Doesn't seem to make sense to be selling at these prices with the project so close to completion. Unless they know something we dont.

GBG is also getting a premium from Ansteel so we need to add that to the iron ore price of approx $90 and GBG should be getting closer to $100 t.

Also article in Australian during the week said that at current prices ATLAS and FMG are losing money for every tonne they produce,so surely we arent in too bad a place.


Cheers
Gmac