EGR 4.35% 12.0¢ ecograf limited

Chart Setting Itself up for a Major Run...., page-268

  1. 1,839 Posts.
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    The 2278 sell order at 18c says it all ($410.04 total, when the minimum trade is $500 for us retail holders)....

    It looks like Bots to me...

    You touch on an interesting point about the CBA, one which I've thought but dared not vocalise, until now.

    HL lending (where most of our banks make their money from) is declining, with banks now charging a different, higher rate for investment HL. If they're to sustain their profits, or even grow them they're going to need to look at other avenues of loan growth.

    The NAB has always been the biggest business lender in Australia, but this hasn't proved profitable for them. Not since the GFC anyway.

    There's also the farming sector, but with a mixed agribusiness outlook, and a lot of legislation governing bad farms this too seems incredibly risky.

    What about niche mine investment? The kind which is pre-sold with guaranteed contracts? It's an interesting thought, and what better way to show your support than with a loan to the company you already hold 5% in.

    Personally i don't think it will be required. I'm on the record as saying i believe Sojitz will take up any slack, and then some, if required.

    But it's nice to have, a Plan B as it were.
 
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