RE:Sell 70% of Big Daddy to Xstrata
Mooster3. Good post. Thinking what Glencore v.s what CLF might have in mind:
Glencore are Chromite Ore Mining, Upgrading & Value-Adding Marketing Experts. They know all about shutting down high cost producers in weak markets (called swing producers), which should very much favor low cost ROF Chromite producers. Also, they know the value of being able to fund the KWG ROF NS RR.
Whether CLF sells all or part of their ROF Chromite Ores wont change these Ores from being shipped on KWG's, Glencore financed RR & Upgraded at KWG's, Glencore financed Facilities for KWG & Glencore maximum returns to Canada on which PM Harper is an expert, thanks to his Vale Xstrata detailed financial involvements.