I am not a pessimist, just a realist. These are ASX Facts.
Rimtalay my friend sells $10-$12 million worth of Australian wine a year in HK and China(public company), he tells me on a weekly basis from HK and Shanghi that after the Olympics the Chinese are crapping themselves every thing is coming off. They are not heavily in debt but worried more about the immediate effects on thier economy than USA, they also know the USA is thier biggest customer. Sure they can find new customers but this will take time.
Sure they are building infra-structure but not at any cost.
They will stockpile IO with current contracts then say no more.
Dangerous times to be in a low geared IO producer that does not have long term contracts.
Dangerous times to be in a company the previous Chairman rorted for his own finacial gain and is now making a LOSS.
Rimtalay, people in the knoe appear to be dumping, is 'the ship sinking'. Only time will tell but many quality HC posters were suspended for saying the same things about MON.
I am not a pessimist, just a realist. These are ASX...
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