Some of you guys are just never going to get it are you?
It has nothing to do with GBG's future- it's all about watching your hard earned money disappear in front of your eyes because you can't detach yourself from a "long term" dream.
Take GBG out of the equation- look at your funds going down the gurgler. What do you think all the instos and funds have been doing?
What do you people find so distasteful about protecting your money and being able to buy GBG back cheaper?
Oh, that's it, "long term"!
Good post Dhuy, keep up the ramping as the price keeps declining, everyone will thank you for it one day.
Good you mentioned Oakajee with MMX going down very hard on concerns for MMX and Japan now in recession, Mitsubishi can't wait to start borrowing and spending too!
New Aust Gov't funds directed at infrastructure won't have Oakajee as a priority either because there has been private interest and the Gov't will prefer that. The timing of Oakajee has to have a question mark over it now. GJ made that clear when he pleaded the case to the Gov't recently.
Dhuy, if I see GJ and Ken Talbot, Melewar or Ansteel buying multi million dollar stakes in GBG, then I'll follow them in. Till then, they know better than me and they aren't buying at these prices!
Denial, the Chinese would know full well the West is bleeding badly. If they reduce demand on imports for 2 years they will be able to buy the same imports at a lot less than what the West was making them pay in the boom.
Chinese have waited 1000s of years to get to where they are now and surely no-one thinks they are so unintelligent that they will keep paying the prices the West has been demanding with the West hurting badly?
What would a year or two slowdown cost them? Nothing.
The Chinese clearly have the ball in their court, not the other way around.
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