I have been doing abit of reading and thinking lately.
I think that copper, Iron Ore etc, with the exception of gold/silver may have had its run and will be tracking sideways or downwards abit. The Chinese may have finished stockpiling for now.
The Chinese economy have recently been driven by excess liquidity and low interest rate instead of export. There is a imbalance between consumption and investments. Alot of the stimulus package have gone into speculative properties, equities and stock piling of commodities.
Resources getting hit hard in Aussie.
Will this be an opportunity to buy or another trend downwards?
Having got ourselves into a debt-induced economic crisis, the only permanent way out is to reduce the debt – either directly by abolishing large slabs of it, or indirectly by inflating it away.
Yesterday's strategy statement by OZL made good reading with some interesting points on supply and demand.
MacDuff, did you watch LateLine Business on the ABC last night?
They were talking about OZL saying that if they dont hurry up and make some acquisitions soon, and with all that cash they have sitting on them, they themselve's might be the ones that end up getting taken over if they are not careful.
Interesting stuff, is the cash factored into the current price though?
MacDuff, did you watch LateLine Business on the ABC last night?
They were talking about OZL saying that if they dont hurry up and make some acquisitions soon, and with all that cash they have sitting on them, they themselve's might be the ones that end up getting taken over if they are not careful.
Interesting stuff, is the cash factored into the current price though?
Given that there's over 3 billion shares on issue I'd think that the cash is well and truly factored into the SP.
After OZL's near death experience recently I wouldn't say 'No' to an attractive offer, despite the promising outlook for the company and the PoC.
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Originally Posted by Dr_Who
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