Hmm Mx Friar Tuck's wooden leg has lost me!Don't forget that MM...

Hmm

Mx Friar Tuck's wooden leg has lost me!

Don't forget that MM is a Chinese company. They are in this for the long haul. I heard over the weekend that what the Chinese (and to a leser extent Indians) are doing in Africa is similar to what the colonial powers did previously. ie go in and exploit the cheap labour, lack of regulation and corporate visibility to get at the wealth.

Exoect a lot more action from Chinese companies in Africa (and probably less in Australia).

The Chinese are looking for and taking long term strategic stakes and are therefore willing to take a few risks.

Good to see OZL bouncing back towards where I think it should be at the moment ie around $1.70.

Like the Byron boy, I do expect a bit of a pull back in SP during the 3rd - 4th quarter as a result in dropping copper price arising out of reduced demand, but not to the levels BB suggests and not in a panic state.

Regards