ASX 1.58% $64.41 asx limited

this could nock onto the mining boom if the western world slows...

  1. 239 Posts.

    this could nock onto the mining boom if the western world slows down, thats less money pumped into china, as China buys our resources to make stuff to sell back to us, and then buy more resources to build stuff for them selves with the profits.. If we are buying less from them, then its less profits to buy our resources and the resource prices will drop.

    wont happen quickly but could slowly knock onto it, i would stick to energy stocks.

    look at BUR almost $1mil each month in revenue now, $5mil in the bank, and its trading at a mear $14.5mil market cap below its book value!! the most safest 10x bagger i have seen.

 
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$64.41
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