Ok, so we all agree that demand from China is tapering off. This, apparently is expected from most maturing economies just as it happenned with US and Europe. Don't think we can really call China an 'emerging market' anymore. So, in the short/medium term, demand is falling and supply, surprisingly enough is increasing. Massive glut is putting pressure on prices even at $50 per tonne. The big miners know that this is the time to compete out 'smaller' suppliers, but it seems as if larger suppliers may get muscled out as well... in this case KIO. I think one of the main reasons why KIO is being targeted is it's large debt pile, specifically, how long could it last in a loss making environment. As long as suppliers are still producing profitably, they will most likely continue to produce. As soon as they are making losses, the question becomes, "How long can they survive?". And when you're sitting with a lot of debt, the answer is "Not long". Some reports are predicting that KIO will be closing it's doors. If the price drops to $30, most likely, KIO will eventually close up shop, but how long would they last at that level?