NUP 0.00% 1.5¢ nupower resources limited

Well I am sitting on my current holding and don't plan to buy...

  1. 177 Posts.
    Well I am sitting on my current holding and don't plan to buy in. I got the NUP's via my ARU holding. I am not too happy that the few shares I own will be diluted to almost nothing, but for the time being I would rather use the cash to short term trade the blue chips in this volatile market.

    It seems Oly's ramblings are coming to fruition. Article in today's West Australian on page 42 discussing China's moves to stockpile Cu and potentially other metals while selling their US treasury bonds in expectation that US will begin printing their way out of debt. It's Oly's teachings written in English. If only Oly warned us to expect the metals market bubbles to burst just like the uranium bubble did. Bubbles don't re-inflate, we have to wait for real demand wether it comes as a false demand in the form of stockpiling or real increase in use of these commodities.

    Until then, good luck riding the waves and be wary of those rocks like CMR.

 
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