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04/10/11
08:23
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Morning all,
Another beautiful day in paradise and a warm offshore breeze makes Boni Beach look magnificent.
I expect details of the Hanlong bid today.
I think it will be 0.57 cents but one of the conditions will be sdl securing the mining agreements.
Hanlong is nervous imo of spending $1.7 billion dollars without them.
This bid will then take some time to wrap up and in the meantime we shall see if anyone else is interested.
Dow tanked again overnight - might be some bargains around in the next couple of months when we get our money.
Having said that, I thought that last time and bought too early.
I thought CBA shares were cheap at $35 and they fell to $24 - bargain of the century during the last crisis.
Good luck all - this forum will be disappearing soon :)
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