Thanks EB8
However I was reading your abbreviation as "sl" and not "si". Yes I am aware of the sophisticated investor situation and which is what I guessed (see the 1st post under this thread) was happening after the TH and before the request letter was published.
Anyway, you've been most helpful,
As for the resuming SP,you could be right. However the market in general is sick and lacks confidence ATM and overseas leads have had no real bearing on the ASX since Easter. Is it our dollar? If so, do we have to wait til there is predictability in its downturn before confidence resumes? Probably yes IMO.
While on this point, I went to an NAB and also a CBA "economy" presentation by head economists recently (they toured NSW regions at least)and both predicted a fall below $1.00 by the end of the year. Other presenters say something similar.
If this is right, then vigorous buying of certain mining shares should resume once the downward trend is established. Those to benefit the most one would think would be REEs,gold and other mins that are highly priced.
Cheers Shady
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