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DewDiligence

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DewDiligence

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Re: DewDiligence post# 66

Friday, 06/05/2009 12:48:46 PM

Friday, June 05, 2009 12:48:46 PM

Post# of 30545
Today’s moves re BHP-RTP JV:

BHP +7% (+150% from 2008 low)
RTP +6% (+220% from 2008 low)
VALE +2% (+125% from 2008 low)

It’s impressive, IMO, that VALE is up 2% today given that its two largest competitors just joined forces. VALE has the best quality iron ore in the world and hence doesn’t have to take a back seat to anyone, even a JV that will now produce slightly more ore than VALE does.


“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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