commodities down

The Friday lowering of commodities, been happening for a couple of weeks, does not help any junior, i.e. if people such as Blythefan is sitting and waiting in a good market for commodities, imagine in a worse market. It has been commodities that have kept things from being far far worse. If the commodity prices has retracted 20-30% when the banks were getting hammered the all ords would be under 4000.

Having said that I think that JUT has a very very small market cap and even in a bad market if they have good dirt worth $$$ then it is not going to disappear, it will still be there tomorrow. Copper is still doing quite well and there will always be a need for it as with other base metals. If China retracts from say 17% growth to 6% then it is still 6% higher than last years enourmous demand.

Aussies are the worst "runners for the hills" compared to other coutries. E.g. The US has retracted less than Aus since the start of the year and their economy is in far worse shape.

I will be buying JUT as spare money comes to hand at these low prices and hope they do a CDU??? When things change, as with the HERD mentality here, so will the price. As they rush in I can review my position for the long term.

I have always been a risk taker and this is no exception, If it does not pay off, so be it, I work until 65, if it does pay off, MY CHOICE wether I continue to work. I just like Liberty, QUAMBY (for personal reasons).

Good luck to holders and I hope to see Blythefan on the register in the near term.

Good luck punters.