a new low, page-2

This is the game for the smart. Just to introduce some facts.....

1. Oil has be above $60 (on average) / bbl for 12 months.
2. There are now 140+ uranium companies on the ASX, so if you attribute $5mill each bottom line cash via IPO or valuation, thats $700bill worth of new money (in this case redirected) or exising mkt cap (AND THAT IS GENOUROUS)
3. 80% of these HEROS in the new world of energy in Australia in my opinion will not produce a cracker for at the best 5 - 6 years if at all (DOT COM SMELL). 20% have a chance.
4. Please consider the overall market.... record high and private equity (real money / smart money) are buying cashflow (qantas,coles,blah blah blah).


So........ if you want to move profits out of speculative 'new world energy' on a whim to cash flow relative to assessable earnings for years to come,,, i say talk to your bank manager and tell him you need to re adjust your borrowings to reflect quality investments with real earnings, not Uncle Joes or your local barbers next best tip.........

By the way interest rates are going UP. Oil prices aint going down!

ANYTHOUGHTS

I bought more (have a few averaging 95c already) in the last week and dare I say they may get cheaper, so be it, I'll just get more cheaper relative to asset valuation, the Uranium expert investors will take me out at $1.20+ in the next 12 months....... Oh to herd the sheep.... Pity there's a drought where I am....:-(