appropriateness of metal equivs, page-37

fengshoey
I think you are pushing a barrow of poo. Your original post quoted CDU price of cobalt at a number that is clearly wrong to the number given on the CDU web site. That clearly is a furfy.

Yes, the price of cobalt is low now. Mate it is not the only metal quoted. All the rest are clearly below the price on the market. You never mentioned the cut off grade the jorc would only allow to be quoted. It is worth going and having a read of that. All Cu above 10% reduced to 10%. Some interisting reading in that.

I personally don't like the equivalent thing, correct me if I am wrong, wasn't it toxic bob that started that.

WM has been under attack from day one, especially when we suspect he told the bankers to stick it where the sun don't shine.

fengshoey you are using the technique of the old protestant versus catholic thing, where you quote something you know is wrong and then prove it is wrong. You started off by quoting a price for cobalt that is not the price CDU is using.

Max is a nice guy and downplaying him is low. Anyone who uses leverage knows the risks. What happened here is the market in CDU is a false market. Shorting on market and covering off market, creating a parallel market where the price mechanism is not known. Sales flowing both ways in and out of the false market to the real market.

Damian Runyian had a character I think his name was Sky (seven foot tall and four foot across the shoulders and a fighter that never loses street fights). Well, sky collected bets then held his hat above his head and threw the dice into the hat and then said two sixes. That fengshoey is the market we are in right now and you want to create fear, uncertainty and doubt.

If you think the Chinese don't know what is their, think again. Hoots mentioned the exchange of shares for plant with the comment that he did not know what the price of the plant would have been. Well, another poster quoted WM is very careful with money. I know trust is a difficult thing, well the long term holders don't trust the ASX and a lot trust WM. As the months tick over a thing called reality will kick in.

From what I have seen if we are still allowed to be shareholders in another year time I think the rewards wills be great. So mate park your barrow of poo on another site.