strong week ahead , page-2

Sale of AGO's Ridley probably the biggest news for IO hopefuls, especially in magnetite such as GBG.

More M & A activity in mining and energy, including the Petro/Shell's JV bid for AOE. AXO also in trading halt, will be interesting to see the exact outcomes of the deal.

Also BHP got a huge increase in coking coal prices (as expected), but more importantly on a shot term basis, not annual. Looking very good for Iron Ore. 30%-40% increase seems a given.

Investors who sold out of GBG in the 80-90 cent range would be hurting with the sudden change in sentiment and positive news.