quite possible Slappi... may be going to get a swag of results next week... maybe "barkeep Joe" has an ace up his sleeve after all.
Also was looking on a FMG thread this arvo asnd saw that China is considering a 400 billion Yuan stimulus package that can only mean that confidence will return.
"HONG KONG (MarketWatch) -- China is considering a post-Olympics stimulus package of as much as $58 billion, in addition to other monetary easing measures, according to a research report by J.P. Morgan.
The measures could include tax cuts and other moves to shore up the capital markets and support the housing market, according to a research note by the brokers' head of China Research, Frank Gong.
"The top leadership is carefully considering an economic stimulus package of at least 200 billion yuan to 400 billion yuan," Gong wrote Tuesday.
Gong added that slumping inflows of hot money, the shrinking trade surplus and cooling inflation are providing a backdrop conducive to monetary easing, setting the stage for a possible easing of bank's reserve ratio requirements and lower interest rates later this year."
Nice article.... also have noticed that Twiggy has been hobnobbing it with the chinese bigwigs alot lately, and he will need to quickly add to his portfolio of io reserves if he wants to keep his word.
"Chinese industrial activity ought to start up again in earnest after the memories of the Olympics die away, although there is some debate as to scale. Over at Finncap, the thinking is that activity won’t be as frenetic as it was in the build-up to the Olympics, since there were several huge projects to complete, with an absolutely immovable deadline. But analysts at Fairfax note that the World Exposition For Beijing, scheduled for 2010, is expected to be on an even larger scale.
So, if the Chinese economy doesn’t ramp up quite back to where it was in 2007, the pace of change and growth is still likely to be rapid. This presents Australia with plenty of opportunity, and rest assured, plans have already been laid. At a dinner before the Games got going in earnest, Australian prime minister Kevin Rudd sat down to eat with such luminaries as the head of Baosteel, the president of Chinalco, the aforementioned Andrew Forrest, the head of the Chinese sovereign wealth fund, the president of Sinosteel, and the president of Sinopec. These he described as: “very old friends”, all of whom enjoy a relationship with Australia that’s “very deep and broad”. And you can bet they were talking about the future, not the past."
Holders need to just keep in mind that even if, and this is a worst case situation, if FMS can only JORC 200mt, then the share price will go to about 35cents. I think I can live with that.
FMS Price at posting:
0.0¢ Sentiment: ST Buy Disclosure: Held
