re: News: Peninsula DFS & Lance drilling prog... I'm curios as to how the following factors are Gus' fault:
1. Fukushima
2. U spot reaction
3. U sentiment shift
4. Germany quitting nuclear
5. American Debt Crisis
6. Credit rating downgrade of US banks
7. USD/AUD strength
8. Greece debt crisis
9. European uncertainty
10. NRC license review extension because hippies were holidaying
11. Credit rating downgrade of French banks
12. Increased margin requirements on small cap stocks
13. Combined effect resulting in lower than historic PE ratios of blue chips
14. blue chips trading at significant discounts to their intrinsic value
15. Significant number of governments, banks and firms holding their highest ratio of cash in over 45 years
16. Extreme market volatility
17. lack of interest in speculative stocks due to all of the above
You may have been venting CEB but what do you want the man to do? this is bigger then the release of a DFS and more uncertain than a it will blow over in 1,2,3,6,12,18 months, which they could have been hoping for back in June before points 5 through 17
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