re: ** queuing up to buy ** Copper went crazy over night. TYC...

re: ** queuing up to buy ** Copper went crazy over night. TYC has not finished their BFS and already we have syndicates from Asia trying to get their hands on good assets. We as investors are more to blame because we underrated our assets in the Australian resource sector and leave them wide open for take over.

WMC was trading around $4 before Xstrata came along. It took an independent review and a few take over offers to change the markets view on the value within the company. Is it really our fault or are the anal-ysts to blame? Maybe it goes deeper then this right to the core of Australian culture and psychological issues that we learn at young age.

Australians don’t like foreigners ‘sticking their fingers in our pie’, but we will buy them a beer down the pub. As Australians we also don’t like people big noting themselves, they are ‘tall poppies’.

It takes a foreigner to ‘stick their fingers in our pie’ to stop us from cutting the ‘tall poppies’ down.

Maybe it will take the Crosby partners fingers in our pie to finally get people to wake up and take TYC seriously. Yeah the location has risk, but look at other great resource companies and where they operate from -nothing is without risk.