Australia's largest stock trading and investment forum Australia's #1 stock forum

Are We Heading for a Mining Boom?, page-10

First 10 Last

Share
Profile

Follow
Infose

5,236 Posts.

35

26/04/18

17:05

Post #: 32701042
Share

Originally posted by Spired ↑

You answered that yourself (in response) its the last puzzle peace not inserted. But why would it increase mining. Have a loan over 100 million and receive a .5% increase (Sure a bank won't pass only .5 would be more like 1-1.5%) what would you do. Ramp or waste. Right now exports are in an excellent range to be able to deal with the situation if it arises but the longer the delay the higher the chance we will start seeing a reverse and another downturn sadly its showing its face eg -600jobs NSW in 2 months. AUD vs EUR not in a great position, why EUR -> VLI China new 19 machines in the works parts that go in it are AUD and EUR. IME another 11 machines in the works once again AUD EUR. And so on...

Increase means mines require more people to help assist the load increases etc meaning more repairs, consumables also in conjunction dollar value rise, its all a giant mix missing the last catalyst.

In short its the economical cycle. 10up 10down 5shift 1972/1985/1998 basic example without a large essay.

Expand

Thank you for your reply,

"longer the delay the higher the chance we will start seeing a reverse"

The AUD is said to be a commodity currency. I had a look today to its forward rates and they indicate an appreciation, for instance, an appreciation of 2.6% for 1 year, indicating that currency traders are optimistic about the future of commodity prices. Do you share that view?
1 Upvote

Reply