What you say, is correct Bobmac. However, you know, as I know, that everything is cyclical, and things change. The astute investors are counter-cyclical, and at the moment there is good buying in the mining market. But as to when it will turn and demand for minerals changes, is anybody's guess.
At this point, I've lost my money, and so might as well wait for some good news, which in this case will be in the form of drilling results, resource size announcements, and eventually JV announcement of Roseby development. And this doesn't mention the expansion of Outokumpu, which will happen when they start their deep drilling program this year.
What I am saying, Bobmac,is while agreeing with what you are saying - what do we do about it? Basically wait for these results just mentioned, do what Dv said she did, i.e. diversify into different markets. What I have learnt is that predictions by the experts are often notoriously wrong. Soros does well by going against the market, as does Buffet.
But as Cardz said, I am incorrigibly, and illogically a 'glass half full' person. And I am prepared to take my punishment and my reward.
AOH Price at posting:
19.0¢ Sentiment: Buy Disclosure: Held
