Glyna,Well said, we have some issues at the moment and this has...

Glyna,

Well said, we have some issues at the moment and this has really spooked the markets and I am taking some very painful realised and unrealised losses at the moment.

I however cannot see that Greece will kill the Euro or that China growth will stop and feel that there are some good buying opportunities in the resource sector at the moment.

On AGO nice recovery late today and possibly this will follow through into next week. I cannot however see the $2.50+ in the short term until we have a clear view on the "super Tax". Maybe abolishing it is off the cards if Rudd stays on, but a rise in the tax free return to 10 or 12% which more matches the miners cost of equity would be fair for all and possibly good for Australia. At the moment the miners are predictibly all doom and gloom but this is all part of the lobbying game and investors will need to be patient buying at these lows and then waiting.

BR
Max