food for thought

Hello All Readers,


(A posting I made in reply from the General Thread) ' Well Kevin Rudd and Wayne Swan have been left with a mess which has come from John Howard's ' Free Market ' Thinking. You see John Howard thought it was O.K. for the Banks to lend for Property ,Margin Loans, Credit Cards etc. ' Willy Nilly ' with the likes of 105% Property Investment Loans ,Interest Only Loans, Low Doc. Loans and use their Property Loans as Assets on their Balance Sheets.
Now a re Balancing of tyhe Banks Balance Sheets is taking place and Kevin Rudd and Wanye Swan ( who I did not Vote for ) are having to' pick up the Pieces'.
I think a change is happening in the way Companies are valued by the Stockmarkets and a Company will need to show that it has Assets like say Copper and the ability to Fund and mine their Resource .
The Stockmarkets will now have to search for Companies ,which are presently Undervalued by their Market Cap. to their possible Assets.
I think RBM www.redbankmines.com.au looks a Stock which is worthy of some research in this Area because RBM with a Market Cap. of just $3.000,000 looks to have $200,000,000 + NET of Copper plus good looking prospects in their 50% Copperado Lease and have a pre production Stockpile processing phase in operation to obtain some Funding. (more thoughts in RBM and the Copper Threads).
No responsibility taken for any losses in association with this Posting.
Good Luck,
moly