prefeasibility update, page-9

It is possible that the market has been flogged enough, and possible that we have just seen a near term bottom on FMS's share price.

It is also possible that we haven't seen the bottom. In any case things are more positive today thanks to the reported improvements in the Eurozone bailout negotiations.

Those that have held and continue to hold the stock risk more losses, but also stand to gain from recovery. Those that have sold the stock have cut their losses/cap gains but risk not buying back in or maybe having to buy back at a higher price than the sale price. Why is that? Because nothing in life is easy, cheap or free or without stress..

Not that it is much fun, I have held on, as have held for a while now, and don't want to give up my hard earned 12 month CGT discount.

With a bit of good luck, the europeans can get their act together, the labour party will be voted out as soon as physically possible and we can all get on with furnishing developing nations with iron ore in what still may be a 20 to 40 year supercycle.

In my opinion, Kevin Rudd has just signed his very own political death warrant with this idiotic hair brained tax idea.

How many voters own shares now? How many have a look at their super statements and associate the losses with sharemarkets?

He will likely be too stubborn to back down as his popularity fails to recover as a result of people like you and me who have not forgotten the pain of the GFC, experiencing something like having salt rubbed into our wounds.