the games begin, page-10

my sense of humour only...

my meaning was that anyone would think.. the iron ore price had halved.. or that POO was 35$/barrel.

at some point fundamentals will re-assert themselves..

all the old adages about the patient and the impatient.. about it being the darkest b4 the dawn.. little has changed.. whether you've been stopped out or simply sold in panic.. my point was that ther appears to be a willing buyer around 70c.. no guesses as to who I wouldn't think.

likewise.. there will be house brokers supporting.. sorry.. soaking up stock in good small caps knowing.. that panic selling will eventually end... following capitulation ...and then fundamentals will re-assert themselves.. even if a little slowly.

Small oilers are STILL getting $68 a barrel.. mgx will still ship 6mT within 15 months at unreal margins..locked in for at least the next 12 months. after that a 10%
reduction would be the most pessimistic outcome I would think..

unless of course.. the patient who are currently soaking up cheap stock donated by the impatient decide they'd rather own the lot