citic group to the rescue, page-6

Yesterday it was all go go go

Today it's all doom doom doom

And tomorrow no one can say for sure so everyone is just guessing.

There is a perception reality game going on here. First of all there is the share price reality. It is what it is. The perception is that the world is turning to pot. So suddenly countries around the world are going to stop building infrastructure so that demand has just stopped. Yesterday it was all good today it is non-existent. The point here is that there is and will always be a core demand that will increase just not at the rate everyone was hoping for or rather wishing for. FMG is a case in point with so much froth coming off.

The credit problems and the crimes committed by financial institutions around the world have caused their own unique problems. No more $1m property sales in NY and a rebalancing of company balance sheets and reduced individual wealth. So the iPod and LCD economy is being hit as well.

itsallover

You criticise those people who were calling for ARH going to the moon and so do I. But if they are at one end of the spectrum of misleaders then you appear to represent the other. Ahehehe type of discussion provides no information or credibility. You have been critical of the company and at this stage you are bathing in some glory, but even a five year old could could see where the price was, where it is now, and call it a dog. It's just too easy to jump on board a falling market and make smart comments. Not overly clever. A little intelligent prose on your part might go a long way instead of all those one liners.

BWJ

Is the world awash with the so called good stuff??? Where is the proof and substantiation or did you provide some insight based on what you just read in the media. Yes we were all idiots for not selling at $2.40 or even $1.40. Criticising management is not good analysis. The situation is not the type of ore that is available but securing supplies. We went through this whole magnetite versus haematite a while ago.

Infrastructure in the US needs replacing and new infrastructure projects will continue in developing countries and demand will continue as not a lot has happened to the core requirements.

The world cannot change that quickly, however, markets and perceptions can.

All the best

Cheers
BW

For the record I maintain a core holding but have traded ARH. I continue to buy at these prices.