PON was $24/lb in May 07, now is aroubnd $4/lb. Unless PON gets back to $8/lb, there is enormous pressure on all NI stocks. Inventory is up, demand is down. Market is in panic mood. Resource sector is smashed. Foreigners are redeeming from trusts and the ASX while they still can. Is all bearish news. There is only one Good News, and is a book sitting on my table.
