yield play , page-7

Sorry to interject, but nyc3053 isn't making sense. The market is inefficient, but it does adjust risk more quickly the day before ex-div.

In fact, GRR's price fall since the IO price peak last month is exactly the same percent as RIO's sp fall. Not parallel every minute or day, but they are held to the same IO price to some extent.

The next quarterly (mid April) might serve as a catalyst if pellet prices and production costs are close to our estimates. Even so, Mehan and board need to announce a strategy to ensure GRR remains profitable when IO prices are closer to $60/tonne (i.e. approx $80/tonne pellets). That, I suspect, is the true price suppression force at work here.