FML 3.57% 13.5¢ focus minerals ltd

pinto Gave you a thumbs up and it didnt show...

  1. 201 Posts.

    pinto Gave you a thumbs up
    and it didnt show again...

    hmmmm...

    anyway Market jitters is due to the Greek thingy again
    today/tomorrow is when the bond holder
    need to "voluntarily" swap
    the bis boys say they are in
    but some smaller investors have less to risk
    and are holding out

    I think they are going to get rolled over
    but hey we'll see

    swap is officially due on 20th Mar
    (if they dont change the date)

    and it didnt help when
    FYI news clip here...

    The Institute for International Finance, which helped negotiate the terms of the bond swap, reportedly warned in a recent memo that a so-called hard default by Greece could cause at least 1 trillion euros ($1.32 trillion) in damage to the euro-zone economy. That figure includes the need for aid for Italy and Spain to keep the crisis at bay as well as €160 billion in bank recapitalization costs, Reuters reported Tuesday. See full document as shown in the Athens News.

    http://www.marketwatch.com/story/jitters-grow-over-greece-debt-swap-2012-03-06?dist=afterbell

    looks like everyone is waiting/reacting
    to this Greek saga still

    including pog :(

    ***PLS DYOR


    back to my cave
    guess is my reality/vision and myself to the test
    reacting to now or investing for the future?

    :)


    good luck to all
 
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