35 days and counting..., page-17

surat

yes, once far spslumps post ophir walking the bounce will come in the form of senegal lease extn (speculation driven by hartleys and then actual signing- not in french...) and then release of outstanding other WA acerage 3d report in q4 - all imho.

the only issue is that i expect a major global stock market correction through to circa xmas - the next major down turn will occur, imho, when bernanke does NOT hint on friday (US time) that QE3 is just around the corner... this should drive a major sell off next week. in addition, european debt woes and the chinese property bubble/bad debt woes will also drive the global markets lower in q3/q4 - eg. i predict all ords to be circa low 3000s by xmas. heaven help the dow if the US economy clicks over into a recession later this year - QE3 wont help as fed buying US bonds has been previously used to offset deflation and as US bond yields are already at record lows of 2.1% (due to european debt crisis)this practice will continue not work re bolstering economy. also, this will not please china as more US dollars further devalues their significatn holdings of US dollars. the real sell off will begin when europe debt starts hitting banking sector - european banks are currently borrowing billions from US fed - liquidity the issue - cash is king with regards to solvency.
if the above comes to fruition then i will look to accumulate FAR and could pick up some parcels up below 2 cents.

hows that for putting your head on the block