Why wouldn't China not be on a buying spree. They have money out of all proportion to the rest of the world. They could lend it or they could buy assets with it. The wise choice is to buy assets. By buying gold all you can do is put it in a hole somewhere. By buying a range of products that have a use they pay out for those items and get the money back into China with sales of their manufactured products using those imported products. You could liken it to a barter system and the Chinese are good at bartering.
Western society is closing up shop,Eastern society is keeping trading.
There was a good story around during a previous recession.This guy wanted to open a pie shop and asked the bank for a loan to buy a freehold shop. The bank manager told him to sit outside the empty shop and see how many people came there to buy a pie. When he couldn't find customers wanting pies the bank declined the loan.
If Sage can sell the copper and not the company he will do not only the shareholders of CFE a favour but all Australians. How about he gives CFE holders a chance to buy CUO shares at a discount rate. He would get money back for CFE and give us the equivalent of a dividend in the process.
CFE Price at posting:
30.5¢ Sentiment: Hold Disclosure: Held
