Hi RCman, the harebrained scheme of BHP/Rio is in tatters. Vale never sounded like a willing participant in that scheme if you read up on what Vale has been saying for the last 6 months what the fair IO price ought to be.
Australia's AAA rating is now serioulsy in jeopardy (a catalyst to a housing crash long overdue) all because of what Sam Walsh suggests as a rational plan to force Chinese (heavily subsidized by Beijing) domestic IO producers out of action.
Cliff's CEO was right. The 2 have been TERRORIZING the IO industry with empty rhetoric which only serves to lower the IO price (effectively emptying Australia's treasury and depositing into the Chinese Central Bank).
Dumb &*^%s !
Hi RCman, the harebrained scheme of BHP/Rio is in tatters. Vale...
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