renison now on a pe of 3 , page-2

Hate to say it Brenden but you are beating your head against a brick wall. The local instos have no need, nor desire, to take the risks associated with investment in "junior" resource companies with the way the superannuation system is structured in Australia. The wall of money which is available for investment on a daily basis just keeps getting funnelled into supposedly low risk sectors as it's easier to explain underperformance, to trustees, in a bank let's say than a "speculative" miner. That just isn't going to change. You look at any of the real success stories over the last few years such as Fortescue, Kagara, Aquila etc etc and you will see that overseas instos dominate the share registers, due to the above factors. Risk averse is the name of the game for these guys...they may as well be running fixed interest funds for all the help they are in funding any of the exciting projects available to invest in at present. And as far as the Govt is concerned, they want these projects developed and if locals aren't prepared to provide the financing, how can they allow offshore investors to stump up funds but then place restrictions on what happens after that? It's a farce.