MTE 0.00% 3.0¢ metrocoal limited

peer company comparison as at 18 december 2011, page-8

  1. 19,552 Posts.
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    Valinvestor..

    I rather just leave my money in MTE for the long haul or takeover, which ever comes first.

    I did sell some close to the top. But I have been adding back and then some on each 10 cent fall.

    Getting close to adding again.

    Sure it can get lower, but irrational sentiment presents an opportunity.

    The activity in our market was broad based, nothing was really spared.

    Imo it looked like a orderly panic to exit at all possible doors.

    My view on Europe, is simple, quick fixes will only benefit the short term. The market wanted the printing presses to run hot. Had the ECB done so then I truly would be worried.

    They need to focus on long term restructuring of the Euro zone.

    To me it appears hedge funds are trying to force ECB and the FED to hit the printing presses in earnest. They have their own agenda. Something tangible needs to come out of Europe over the next 3 months, otherwise what we saw today will be a recurring event.

    China story will continue, as will India. This is the industrial revolution all over again.

    Coal is still the cheaper and safest power source and will continue to be so.
 
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Currently unlisted public company.

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