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09/06/16
14:13
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Originally posted by farlap
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A few words from twiggy below....
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Delivering the Sir Arvi Parbo oration at the 2016 AMEC Convention in Perth this morning, Forrest acknowledged the sector had seen some tough conditions.
But Forrest slammed the current media narrative that the mining industry was dead and said it still gave him a “quivering sense of excitement”.
“It is my belief that mining is neither dead nor in a negative transition,” he said.
He said the market might be taking a “breather” but China still had a long way to go.
“I have just come back from a major trip through Europe and North America and Asia and I’m not seeing industries looking crippled,” Forrest said.
“I’m seeing industries looking strong. I’m certainly seeing that there is a cohesive urgency in a requirement for America and China, Japan and Australia to co-exist and drive each other’s economies.
“I think our leaders will see the sense in that and when that comes together I think you are seeing the very early stages of the next wave of global economic growth.
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AUD/NZD just broke through major support. I guess you can buy more AVB now. I think ur buddy Wheeler has watched the big short listening to his comments this morning.