Perhaps we should give juanjo a break for his somewhat patronising post. As per his post on SER (yes he has SER shares *rolls eyes*, perhaps he should 'disclaim' that since he is so interested in disclaimers), he states he is a foreign investor.
Therefore I can only assume that he does not know that Australian financial services law REQUIRES that the investment advisory department and research department of an investment bank operating in Australia operate at arms length from each other. Hence why, surprise, surprise Credit Suisse also has sell and hold reccomendations on companies that it ALSO provides investment advisory services too.
Despite this, his generalisation is a slur on Michael Slifirski (the author of the report) who is one of the most respected and genuine resource company analysts in Australia. Fact is, Slifirski went on a field trip to the project (along with other analysts from other firms) and he was clearly impressed with what he saw.
Cdchi1
recognition by credit suisse, page-22
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