SDL 0.00% 0.6¢ sundance resources limited

thanks for nothing i am down 300k, page-19

  1. 7,295 Posts.

    Hello Techstarplus,
    I feel for You and am in a similar Boat myself with losses on the Stockmarket.
    The Regulators A.S.X. , A.S.I.C. are at fault also for the way they have let Companies list with little Capital and then let the likes of ANZ help set up Opes Prime etc . which advanced Margin Loans on Australia's Speculative Shares .
    Kevin Rudd and Wayne Swan ( I did not vote for them) have been left a Mess by the previous Free Market Thinker John Howard.
    Banks were using Property Loans as Assets on their Balance Sheets and advancing Loans ' Willy Nilly ' like Margin Loans for Specie Shares via Opes Prime, 105 % Property Loans, Interest Only Property Loans, Low Doc. Loans Pre Approved Loans (loaded Guns) for Property Auctions etc.. Now I think a re-Balancing of Bank Books has to take place.
    The World will continue to run however the days of easy Loans from Banks looks over, and the Stockmarket will now have to Focus deeply on a Companies REAL Assets like Resources and projected NET Cash flow. (Perhaps You may like to research RBM its presentations and Announcements etc. as an Specie which could improve in Share Price).

    No responsibility taken for any losses in association with this Posting.

    Regards, from an also hurt,

    moly
 
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