Yeatesy. My views are based on stuff I have been reading...

Yeatesy. My views are based on stuff I have been reading relating to China. Reinforced by conversations I have had with Chinese mainland contacts.

As for the International Study Group, I have found (the hard way) that it is best to have an opposing view to Industry mouth pieces.

I don't hold any copper stocks, my comments regarding TGS, is to stress test their break even points based on lower POC (if it indeed happens). Once you work those points then you may be able to make a rational decision at the various pain threshold points.

I have done the same sums on oilers that I am currently holding. There is no quick turnaround in the material sector, only more pain.

I have also noticed here and on overseas exchanges, that companies with debt are being systematically hammered. It is GFC all over again but in a different Trojan Horse.