Drewperttet. I think you are seriously under estimating what is going one at the moment. Greece will default. Bonds now at 114% (Market now sure they will) IMF, Euro, as off a few weeks ago are now supplying liquidity to the Euro over night market. (Banks total up every night. If they are in credit, they lend to the banks that are in debt)They are not lending to each other. When Greece defaults, a big number of banks will be in strife. The rumour of the $3t package is just that. In fact the latest bail out for Greece is still to go to a 14 country vote. Germany con court has ruled that any more bail outs have to be voted on. 60% of German's do not support the bail outs.
All this adds up to a tightening of credit. Will Anglo be willing to borrow for these farms, or wait and see where the world economy's are heading. This is not to say that they will not lock the farms down.
Add to this, that the NKP share price is looking very weak.
NKP Price at posting:
17.5¢ Sentiment: ST Sell Disclosure: Held
