I was reading Charlie Atkins Southern Cross Equities throughout 2010 (which i recommend) smart piece of work that fella.
He is predicting a Tech Boom type of rally in commodities especially Copper and Gold during 2011.
Where better would big money players put there money??? especially Northern Hemisphere money??? In the bank (1-3%),in European stocks (dodgy),American stocks (debt ridden train wreak),Asia booming( but may have political risk???.)
Money gravatates to where it gets the greatest return.
They will wake up to Aussie commodities which Asia is short of.(with a Rudd Free political risk removed).A improving stronger currency and a Huge M&A activity. Cashed up,tier 1 Australian companies will conpeate with International investors and Asia resourse companies trying to secure supply.
Lets hope the gloves come off and it gets ugly ,for those who didnt see it coming.
For those who did its time to SIT BACK AND ENJOY THE RIDE.
As for the J/V,
Its like selling yourr house,
you know their first offer isn't their best one.
Tell em to go away and sharpen their pencil.
Meanwhile try and bring some more buyers to the table.
Its all normal,there is no fire sale here,you want quality you have to pay for quality.
Patience will be rewarded.
Where else can they get a piece of a company with over $3 bill worth of stock(which will be the flavour of 2011),lots of prime land,expertise and equipment for a market cap around $55 mill ??????
Good luck long termers
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