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AndyIgo

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25/04/16

11:32

Post #: 17591982
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Originally posted by AverageJoe ↑

I did say you had exposure from your business in the mining sector completely. You mentioned that you cleared out from the stock market in 2002 preparing for a market crash. You were 2 years late in case you did not know the dot com crash!

A lot of posters are complaining about all this debts raked up by major economic powerhouse being unsustainable and if you look at sovereign debts or public sector debts, they usually run in perpetuity. I was just reminded lastweek from another poster that Oz although has very little public debt is in fact in a more precarious position with the runaway private sector debt. No one seems bothered by that little subtle detail and just bashing the US with their QE and debt pike?

I am sure you know best as each financial positions is different. You company is probably doing a lot better that a heap of similar ones here in the West, all going Skeleton staff model. Across the board and worst hit is oil and gas sector.

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Hi AverageJoe and all,

I kindly provided an answer to your question please do me the service of reading it properly.

I sold out of all real estate back in 2002 I go on to mention buying mining shares particularly as I was on the ground at many mine sites.

Please don’t put words into my mouth as it only makes me less inclined to entertain any future questions you may have.

Cheers and very best regards: Andy
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