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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (20776)	3/3/2005 11:45:18 AM
From: Grommit	Read Replies (1) \| Respond to of 78599

RI, RIO, BHP, RTP. RI. Good one to to pass. I sold all my holdings recently. I did buy RIO recently. I don't recall if I posted on that. The other mining stocks I picked up awhile ago are RTP and BHP. Lots of stories around how new contract iron ore prices to Japan, China and Europe are up 71% for the coming year. These stocks have had nice increases over the past year, but I think that the valuations are still very reasonable. A nice article in the wall street journal yesterday: Rio Tinto Weighs Adding Capacity. a few quotes: "the expansion plans come as Rio Tinto has successfully imposed a 71.5% price increase on iron ore supplied to several major customers, including japan's nippon steel and china's dominant steelmaker shanghai baosteel group. the chinese company also agreed to the same price rise with brazil's CVRD.... driven by unprecedented growth in chinese steel consumption rio tinto and it main rival BHP Billiton are rushing to expand iron ore production..." I also added to CNQ. good post Gulo. and I sold a small amount from homebuilding sector. (am I too early, Paul?) grommit finance.yahoo.com