APG 0.00% 0.2¢ austpac resources nl

iluka and mineral sands sector downgrade, page-6

  1. 718 Posts.
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    To SBK's credit, we did get an offer for $5M in 2009 for WIM150 which we accepted and thanks to AZC couldn't execute. 3 years later its up 50% in value (thanks AZC).

    So not a bad turn of events...and just as well we didn't sell it back then for $5M or we'd really be screwed now.

    SBK, on the other hand, China's population has now peaked will actually be declining from here on in due to the one child policy. Many market commentators are also starting to see China's return to more normal GDP growth rates in the not too distant future. So perhaps China is no longer the golden goose it once was.

    Time to get on board for the African expanse imho. Also perhaps Burma and North Korea (when it eventually opens up). Only a few frontiers left I'm afraid.

    All that said, CYW - great response....brought a smile to my face.

    FG
 
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