when the dust settles, page-10

imo this is a awful deal for investors and for Australia.
Indian state owned company is buying 30% of ~2Bn (will be eventually) tonnes of iron ore for $18M. Terrible deal.

Foreign Investment Review Board should be stepping in on all these terrible fire sales going on. This is baad for Australia.

I blame the investment community and its fixation with large market cap companies and ignorance of small caps. And i blame the board of BHP, RIO and other large Australian resource companies for not being more proactive with protecting their markets.

I expect iron ore prices will suffer in the medium term as Indian and Chinese owned companies serve the interest of their parent companies (massive steel making companies) and not the other owners of the holes in the ground in Oz.

Disgraceful!