Pisces, there is definitely a re-rating of BHP and RIO offshore and here but they have a long way to fall to catch up with the minnows. BCI interests me because unlike the others it has low debt and rail. However, I clearly missed something. I was trading it happily for 10 cents in the $3.00 zone.... thanks Christ I never held.
The one I do not get is FMG. Frankly, at these levels for IO they are bust IMHO due to debt.
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Pisces, there is definitely a re-rating of BHP and RIO offshore...
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