AFR article (dated 3-4/5/14) titled commodities boom not over.
In the article it details positive signs for commodities markets and further, it notes "banks are benefiting from strong interest in commodities too... MQG reported a 27% increase in net trading income...citing stronger client hedging and trading opportunities from volatility in energy markets...".
CEO of MQG, Nick Moore on the back page of the same AFR is quoted to have said "..the real secret to MQG's success is in its DNA...".
What's so special about MQG's DNA ?? After all Nick Moore and co. are just bankers !! Nothing special in those ranks IMO.
The secret to MQG's success may well be that it shares exactly the same DNA as that existing at another ruthless investment bank, Goldman Sachs, as recently written in a book by a former employee (with a conscience).
In hindsight I wish BRU didn't utilise MQG's services in the last CR.
Lobby your parliamentarian to ban shorting on ASX companies with market caps less than $5b.
If you want to go straight to the top lobby Clive Palmer at PUP.
If legislated, it would reduce incentive for economic vandals to corrupt the cycle on the downside.
BRU Price at posting:
$1.16 Sentiment: LT Buy Disclosure: Held
