overhang, page-26

re: former bhp exec buying Zen,
this talk of rising interest rates is a little over the top. the US 10 year bond yield just fell back to 4.45% last night, so whilst short term rates are trending up, it will be temporary. With US GDP forecast to slow to 2.5% next year there will be likely int rates cuts to follow.
Commodity returns have been fabulous this last couple of years you would have to agree. Cant expect the party to last forever - but l remain cautiously optimistic on the commod outlook. " You have to be in it to win it "