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Wildebeest

 
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  • Iron Ore Rising, Steel Consumption Still Robust In China [View article]
    China's imports of iron ore were up year on year in Q1 as well.
    Apr 18 08:42 AM | Likes Like |Link to Comment
  • Freeport-McMoRan Will Plummet On China's Lagging Copper Demand [View article]
    Wow an article about demand for copper from China without a single mention of import quantities of refined copper. It is not as if this data is secret.

    Apparently the scrap market is news as well. For me the funniest moment was:

    "So far, the metal has not reached the $8,445 price in 2012.

    If the trend continues, some copper producers could scale back production. "

    So prices at >$3.50lb, cash cost at signficantly less than $1lb, import volumes into China strong -- yep that is certainly an environment in which you would scale back production.


    ...where do these "writers" come from?
    Apr 18 08:03 AM | 2 Likes Like |Link to Comment
  • The General And The Particular [View article]
    "You need to compare it y-o-y, there is seasonality in that sector."

    iron ore imports for the first quarter were up 8% year on year.

    ...keep digging. :)
    Apr 17 08:46 PM | Likes Like |Link to Comment
  • The General And The Particular [View article]
    the steel sector imported more iron ore last quarter. what they have to pay for their raw materials is irrelevant to measuring their output.

    the fact that you persist with your denial shows you to be a fool and a fraud
    Apr 17 07:37 PM | Likes Like |Link to Comment
  • The General And The Particular [View article]
    "Again today we got news from China which showed how the iron ore and steel sectors are already feeling the investment slowdown. "

    Fact: iron ore imports rose (the steel sector sought more iron ore).

    So if rising iron ore imports indicate steel sectors are "already feeling the investment slowdown" is their ANY level of iron ore imports that you couldn't spin as being consistent with your narrative?
    Apr 17 07:25 PM | Likes Like |Link to Comment
  • The General And The Particular [View article]
    prices are down from parabolic highs but remain >3 times cash cost.

    you still are visibly evasive about misleading everyone about iron ore imports.

    "Again today we got news from China which showed how the iron ore and steel sectors are already feeling the investment slowdown. "

    Fact: iron ore imports rose.

    So if rising iron ore imports indicate steel sectors are "already feeling the investment slowdown" is their ANY level of iron ore imports that you couldn't spin as being consistent with your narrative.

    Just admit you intended to mislead people.
    Apr 17 06:58 PM | Likes Like |Link to Comment
  • The General And The Particular [View article]
    iron ore prices were also up for the quarter.

    you really should stop, you're an embarrassment -- but instead I am sure you will respond will red herrings or twisting more data etc.
    Apr 17 05:31 PM | Likes Like |Link to Comment
  • The Problem With Small Surprises: The Inflation Paradigm Shift [View article]
    Paul the octopus would be a more credible winner of the Bank of Sweden Nobel memorial prize.
    Apr 17 04:16 AM | 1 Like Like |Link to Comment
  • The General And The Particular [View article]
    "Again today we got news from China which showed how the iron ore and steel sectors are already feeling the investment slowdown. "

    Fact: iron ore imports rose

    "The conclusion remains that the main producers into the iron ore market, BHP Billiton (BHP) (around 50% of BHP's EBIT is from iron ore); Rio Tinto (RIO) (70% of RIO's EBITDA is from iron ore) and Vale S.A. (VALE) (derives 72.5% of its revenues from iron ore) will be hit by the reduced activity in China's residential and commercial real estate market."

    Fact: iron ore imports rose.

    Conclusion: you lie so as to support your beliefs rather than admit that the data is not supportive.
    Apr 17 12:05 AM | Likes Like |Link to Comment
  • The General And The Particular [View article]
    keep digging the hole you are in. you just look like a bigger fool whenever you talk about mining.

    how much stuff is in the earths crusts is meaningless. The ONLY thing that matters is how much is economically extractable to supply steel producers. But in your strange mind high margins and 4th most abundant element means sudden supply response to erode margins. No understanding at all about the length of time for supply response and economic considerations etc.

    But then again we need to remember that you are the guy who thinks that higher imports of iron ore by China confirm your slowdown theory. You are the textbook case of confirmation bias.

    You obviously like digging holes for yourself and exposing your ignorance. Take some advice and stick to turnips.
    Apr 16 11:52 PM | Likes Like |Link to Comment
  • The General And The Particular [View article]
    "Iron is not so rare"

    LOL
    Apr 16 11:08 PM | Likes Like |Link to Comment
  • The General And The Particular [View article]
    margins are even higher in copper than they are in iron ore. Another market santos cannot explain because he views mining like turnip farming.

    Turnip prices are high so the farmer plants more turnips and more supply lowers prices.

    Because santos knows zero about mining he does not understand that the response to high margins is an exploration response. Actual supply takes 5-10 years to eventuate.

    But textbooks say that supply responds pretty quickly in turnip farming so that is what he sticks with when analyzing resources.
    Apr 16 09:15 PM | Likes Like |Link to Comment
  • The General And The Particular [View article]
    EarlyRetirement,

    I mentioned above to source company reports. Here is a link I had handy:

    http://bit.ly/J4oaOw

    the presentation fro March 20.

    I like this presentation because there is a slide titled "Global seaborne iron ore demand expected to grow strongly". The significance of that title is that despite the bullishness of the presenter, the press world wide came out and declared that BHP saw iron ore slowing. The bearish mindset is so locked in the those reporting and commenting on this market cannot even honestly represent the views of the miners. The miners may be right or they may be wrong -- the point is that it seems that bullish views get twisted as bearish these days because of prevailing majority bearishness.

    The lesson here is to source original information, not other peoples summaries of that information -- which have been filtered through their own lenses.

    You will find similar material from other major miners.
    Apr 16 08:16 PM | Likes Like |Link to Comment
  • The General And The Particular [View article]
    on the contrary your arrogance and evasiveness brings out the worst in others -- i see this in your other articles as well.

    You are the one writing these lame articles making lame claims. I am challenging you on your claims. You continually try and weasel around and reframe things but it won't work.

    If you don't want to bet about these companies falling 50% then keep your mouth shut and stop claiming that they will.
    Apr 16 07:31 PM | Likes Like |Link to Comment
  • The General And The Particular [View article]
    you really should do stand up comedy.

    you've been called out for misleading about iron ore imports with respect to confirming your view of a slowdown.

    you've said these companies will fall by 50%.

    you've said because of the high margins new entrants will add supply -- implying material supply that influences prices.

    you've said demand will fall.

    You've been challenged about all of these claims and now you want to make it about iron ore majors vs S&P.

    you're a piece of work.
    Apr 16 07:17 PM | Likes Like |Link to Comment
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