29M 3.80% 38.0¢ 29metals limited

Ann: Ord Minnett East Coast Mining Conference Presentation, page-56

  1. 168 Posts.
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    Might be. Who knows till tomorrow. It's gamble. Overall all commodities market hammered today. Plus one job one pay will hurt big companies like $ BHP, $RIO, $ FMG. BHP estimated it will cost them $1.3 billion every year. So I think overall most of companies are going to lose more money in near term. Don't forget Debt ceiling is the main factor till mid June. Risk is very high compared to reward in this macro area at the moment. One panic sell off in US will hurt ASX more than double. It's already overdue now.
 
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