Jez someone wants at few at $1.55
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Jez someone wants at few at $1.55
Dr Who,
thats the best question i have read in ages.
buy a midcap with 50 or 60 mmbo in place and cap it, till its needed as an emergency resource......... problem is....... if its a stratigic resource...... they will need it in place on the home land..... otherwise its pointless.
China Communist Party official urges use of forex reserves to buy resources
21 Jul 2008
Xinhua Newsfeed
BEIJING (MNI) - China should use its foreign exchange reserves to purchase overseas energy and mining assets amid surging international oil prices, a senior official with the Communist Party proposed.
"The value of China's foreign exchange reserves has shrunk badly because of US dollar depreciation and in the meantime spending lots of dollars purchasing crude oil at very high prices," Li Lianzhong, head of the economic department under the Chinese Communist Party Policy Research Office, told a conference over the weekend.
"We should encourage our companies to purchase overseas mines and oil fields, changing foreign exchange reserves into resources reserves," he said.
this is also an interesting read:
http://www.energytribune.com/articles.cfm?aid=953
They may need a 700mmbo field...
Read somewhere that they are focusing on crude first vs. refined, using up to 30 tankers moored in ports.
Pity the joe kings and mack dunks did not call the looming housing crisis before it happened...Quote:
The JOE KINGS and the MACDUNKS are smart enough to see it coming, and will be well gone before it hits the fan. Macdunk
Job only half compete Id say...
;)
.^sc
Just relax people, geeeeeeezzzzzz.... I sold the lot at 1.88 at a screaming profit, knowing that she was going to have a decent correction due to oppies conversion, unstable POO, and possible dry Momoho drill.... But couldn't live without NZO so bought them all back + a bit more at the same price
You didn't know there was going to be a screaming correction, you guessed right, in fact they hit $1.90 came back to $1.70 rose to $1.84 and now back to where they are now but goood on you for buying back, I always look at that with the benefit of hindsight of course!
SHREWDY the JOE KINGS and the Macdunks have just done that. The housing cycle is an on going event that moves on. Property developers expect it to happen, and indeed hope it happens. The share market crash is different it takes the blue eyed brigade out the market never to return. I have been predicting the crash for the last seven months in the share market its only 30% down tell me at what level we can call it a crash. The only people hurting in the housing downtrend are the over committed and the greedy. Macdunk
Duncan - what % loss do you call a crash, I always assumed it to be 20%?
NZO looks cheap all right had to buy another 22,000 at 121.5 ASX -am confindent we'll see NZO form a base at these levels 1,20's asx 1.50's nzx even if oil falls back futher NZO are awash with cash in there bank account with high NZ Interest rates adding futher to NZO bottom line
with all these bargins round NZO should be able to pick up some great assets on the cheap
well well well mackdunk,Quote:
the JOE KINGS and the Macdunks have just done that
you said one thing... then went out and did the exact opposite...
we could make a good team... your skills on the sharemarket, my skills in the housing market....:D
I wont quote that infamous quote of yours, backed up by the king...You know the one...
I'll leave all the housing chit chat to that appropriate thread...
have a good night...
:cool:
.^sc