RP, I don't disagree with you....however the heads of the major mining companies have rarely said things like this in the past...it is the normal boring...."next year looks good" etc...
The companies you mention are self serving in what they say...companies like BHP and Rio don't need to say things like this...that is the difference.
As for the "marketing spin"....you can take it or leave it mate....show me when either BHP or Rio head has said something like this before?
They are not Eddie Groves with ABC Learning Centres....they get their info from very expensive market research and the fact they operate in this market. Again, makes you think doesn't it.
as for you not agreeing with what the head of Rio says...just ask your broker to give you the China forcast numbers for the next 5 years...then do a google search on past export numbers....
At the moment Rio is correct...the forscast numbers show he is correct...whether you want to believe it or not is up to you.
This is not my spin RKG, its "spin" from the biggest exporter of iron ore in Australia.
As to you saying you expect me to support it....we are not a producer mate, if I thought it was shit I would have said so.
Did the GFC really make a difference to the demand for IO? Has demand already got back to pre-GFC numbers? Have a look at the spot market.
As for spin, I don't need to spin for Rio....a little bit out of my league to do so.
Cheers, Tony.
PLV Price at posting:
47.7¢ Sentiment: LT Buy Disclosure: Held
