BCI 3.85% 27.0¢ bci minerals limited

Still Confident?, page-18

  1. 22,698 Posts.
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    Waverider, I totally agree with u and it is for that reason I have decided to follow BCI or iron ore in general. A few if the higher cost producers are under enormous pressure and this bodes well for those with a decent balance sheet who are able to weather the storm. Unfortunately I am torn between wanting to pick up a bargain and not wanting jump in on a distinct down trending share price. In regard to Chinese families I think it is a little the opposite. Culturally the child takes care of the parents/grandparents and generally the son with his wife live with his parents. They take a lot of pride in doing so for their family. A lot if these people have gotten rich as speculation is rife. I may be wrong but I wonder what will happen when the music stops?
 
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