Correct chewy on the spot, SP down but so is every other...

Correct chewy on the spot, SP down but so is every other company, this recession jitters in US is spooking the market,
if you are holding shares in centro one can understand the drop, but the fall in resources is not justified, good article
in the Bulletin Rio Tinto,s chief executive Tom Albanese whose
intelligence on the Chinese economy would be hard to beat, believes that a US recession will cut Chinese growth by only 1% which would not be enough to bring the resources boom undone.

He says that much of China,s steel output goes into local construction not exports. That suggests that Chinese demand for iron ore, one of the main drivers of the Australian sharemarket in 2007, will continue at high levels and that expectiations of a big price rise in the current round of iron ore contract negotiations will be justified.

Our drop in SP looks undervalued, each month we are cash positive, the fundamentals are all there we are ramping up production when these jitters are over the SP will pass the high of $1.70 and be in the 2+ IMO.