recognition by credit suisse, page-29

Much truth in what you say Ferno.

But much more B"shit emanates from analysts during strong bull markets such as the Internet and recent resource booms. In such markets fund managers who participate in capital raisings face relatively low investment risk. In such environments investment banks face commensurately low risk of reputation damage as receommended stocks are less likely to blow up.

Neither the overall, resource nor graphite markets are raging bulls at present. So it's bloody important that investment recommendations and associated research is high quality. Otherwise suppliers of capital will be reluctant to return.

Incidentally weren't Credit Suisse players in the warrant fiasco that resulted in all the shorting? In which case where does that place them in the credibility department?


By the way I suppolse it's been said many times in here, but isnt any scoping or feasibility study much easier to rely on when you have a bulk commodity sitting essentially above ground? Not like metals deep underground in relatively unpredictable formations where a host of assumptions increases risk of miscalcs.

Regards to all

Zen