im not saying its not good to deal with china
it is great to deal with china (afterall they are potentially the next superpower and we all know they are the largest consumer of almost everything)...
BUT
Todays news was a big let down for me. I was willing to hold whilst the price was slammed throughout all the positive news, having tincom invest the further 1million into the JV would have kept the sp at a steady level (i didnt expect this to go to 3c overnight)...as time goes by China will eventuate, however now that Tincom is out it is a big blow whether people like it or not. LJ will be selling, I refuse to sit it out and watch them sell into a falling sp, only to be in the same position in a few months time when the sp begins to recover.
Yes i think recovery will take place, yes esi is still a great LT punt, however I didnt think we would get sub 2c again and we did...where will it stop?
esi boots tincom off the team - thankfully!, page-8
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