NSE 0.00% 0.4¢ new standard energy limited

PRAWNOWhat you are telling here is not true. You know that as...

  1. 6,007 Posts.
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    PRAWNO

    What you are telling here is not true. You know that as well. You are only trying to downramp the stock as you always did before on the other stocks. I know your manipulative attitude very well from MEO and some others. You sold out but now you want to buy it cheap. That's so simple. And that's not ethical.

    You are not telling the truth or not aware of it. Here is the proof below. BHP also belives that iron is OUT but energy and fertilezers are IN now.

    BHP looks at wider horizons - BHP Billiton's fading love affair with iron ore

    August 24, 2012
    Source: Click here

    COMMODITY divisions such as potash, petroleum and copper appear set to benefit from BHP Billiton's fading love affair with iron ore.

    While BHP plans to continue expanding its exports of iron ore, chief executive Marius Kloppers indicated that other divisions were becoming more attractive places to send the investment dollar.

    ''We have a broad direction, in that we would like potash, oil and gas and copper to achieve more prominence in the portfolio,'' he said.

    In a thinly veiled swipe at rivals such as Rio Tinto - which collects close to 80 per cent of its profits from iron ore - Brazilian company Vale and Fortescue Metals Group, Mr Kloppers said BHP did not want to be ''an iron ore-only company'

    ''We want to be a diversified company. On balance, that means that we do not want to plough every single cent that iron ore generates, and more, back into iron ore at the moment,'' he said.

    'We would like to put some of it into oil and gas; we would like to put some of it into copper and we would like to put some of it into potash.'

    While iron ore has been the darling of this first phase in Chinese urbanisation, BHP believes the next phase will see Chinese consumers demand Western standards of energy and food security....
 
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