predictions?, page-45

I'm more confident today than I was yesterday.

I think it is now clear to just about everyone that Rudd has commited one of the greatest acts of wealth destruction in Australian history. This tax will not survive.. at least not remotely in its current form. The media has finally woken up to it and the supporters are getting thin on the ground.

Rudd can now blame the broader market for its modification in an effort to save face, but the reality is he is now finding out first hand just how cyclical the mining sector can be. The Fed Gov already has a serious stake in the mining industry and even Rudd's closest sicophantic colleagues must be looking at the damage now and thinking "maybe the great one got this wrong".

BRM is now ridiculously undervalued for the stage it is at. It will recover. The broader market is a big concern, however when the money leaves Europe it will seek out commodities that are driven by Asia .. say no more.