Hi Folks,Resource stocks look to me to have mostly pulled back...

Hi Folks,

Resource stocks look to me to have mostly pulled back quite a bit, and are struggling to move forward, just my imagination?

Wondering if the barage of rights issues has finally proven too much for the market, with the RIO rts being perhaps the last, and very heavy, straw drawing money away from on-market buying. A lot of insto's must be offloading past rights issues just to pay for the next lot of rights - not just insto's either.

Perhaps we should just be patient, and hope we"ve about seen the last of the big rts issues. A poc of 230, LME stocks consistently slipping, prdn on track, the debt bogie killed, global manufacturing looking more positive. What a change 4 months have brought.

EL