some news

Gang, given the sp weakness and ongoing speculation I have communicated to the company the need to dispel fears over potential cap raising in addition to their recent comments about not planning to back to mkt thru 2013. They are aware of the concerns & intend to address as soon as they can.

In other news copper price is on way back - $3.58 a pound and BHP's M Kloppers had this to say about resources : http://au.news.yahoo.com/thewest/business/a/-/national/15515028/bhp-sees-modest-growth-in-china/
'...Kloppers said BHP saw great opportunities in China in the longer term due to its "unique and substantial industrialisation and urbanisation".

"The focus will gradually switch toward greater mechanisation to drive productivity growth and to the next level of consumer goods, such as white goods, heating and air-conditioning, cars, stoves, and other similar goods," Kloppers told shareholders at BHP's annual general meeting in Sydney.

"This... will naturally result in an eventual moderation of demand for commodities such as iron ore and coal, but sustained increases in demand for commodities such as copper and the suite of energy products."