thanks A of A, what seems to have been the catalyst for the...

thanks A of A, what seems to have been the catalyst for the share price caning was the announcement of the BHP-RIO join venture. I actually believe it is a positive in the long term, there is no way they'll be allowed to go ahead with that unless significant concessions are made re infrastructure access. The companies best placed to gain that access are the highest grade, they won't want their network congested carrying low grade rubbish. But they won't make that concession until they need to....so short term we're copping it.