terminal decline?, page-5

Straw man argument Ron. Yes shorts play with FMG well know fact, but they do because of falling SP over the last year not the other way round.

We all know why the SP price is dropping. China slow down. But what you may not know is that FMG for a small rise in capital cost has nearly tripled its forecast Vol. They are not world leaders when it comes to Vol either. So even a at low IO price of even $80 they will still make money. But guess who will be squeezed out of the competition? All the high cost produces in China, which will be a positive feedback in to the Spot price. And have you read the sovereign risk that Vale is facing at the moment. I doubt it!! And they do determine world prices. So read Ron it is not as simple as you might think.

Must admit really getting tried of all the over simplified crap messages of doom. YES WE KNOW THINGS ARE BAD.....!!!!That is why we buy!!!!!!! FMG is down way down in fact oversold. Unless you think FMG is going to go broke, what is the worst thing that could happen. Perhaps a few months at 2.80 then back she goes when people read the profit sheets.