Share Price, page-21

Became a little too cheap of late despite the fiscal pressures within their business plan.

Worrying signs for the iron ore price though:

BHP Billiton iron ore chief Jimmy Wilson says the majors will keep flooding the oversupplied iron ore market with new supply until the price falls to a level where they do not see decent returns.
And with China’s state-owned iron ore mines now all expected to keep producing, even at a loss, the view within BHP appears to be that the price will fall to a level where Fortescue Metals Group and Brazil’s Vale will face decisions on whether to cut production.

http://www.theaustralian.com.au/bus...fitable-says-bhp/story-e6frg9df-1227094354853