A jigsaw puzzle unfolds-one piece at a time.Many posters think...

A jigsaw puzzle unfolds-one piece at a time.

Many posters think that the 'Market' has all the answers,
I would suggest that the market can be a directionless
'mob' at times,especially,with regards to NTU'S drilling
and business plan.

The way of doing business in Australia is changing and
NTU's approach,is reflected by CY's injection of Asian
confidence,at a time when global sharemarket volatility
and resource sector weakness crushed cap raising and
hurt market support in general.

At the same time...

Opportunity comes past everyone everyday-very few people
see it-and of those that do,even fewer act...

Example...
Conglin Yue had the balls to take out ORM when management
couldn't see past the end of their noses.And CY 'knows'
that when/not if NTU find the Mother-load,ORM'S leases
will be worth an obscene amount of money.]

Of major concern...

Australia had $70 billion in net commonwealth assets
when Howard left office in 2007.Since then Labor has
delivered the four [4] largest budget deficits in
Australian history. [Five is on the way]

Canberra are borrowing money at the rate of $100 million
every day.The interest bill in 2012 was $6.8 billion and
numbers released yesterday suggest this figure will go
much higher.[Reminiscent of Shakespeare's 'beggars run
their horses to death.']

Where to from here?....

Article from SMH [ABB]

"What Australia can learn from Singapore"..

Singapore has the second highest economic growth rate in
the world,second only to Abu Dhabi with its oil and gas
wealth.

Singapore welcomes investment,makes real effort to minimize
red tape [even asking its people and business to point out
time-or money-wasting red tape if they find it]

Singapore has low taxes,low crime,enables guest labour,
and has 'no debt'-and imports 80% of its food.But still
manages to invest hundreds of billions of dollars world
wide on behalf of its citizens.

Despite the country's small size,low population and lack
of resources,citizens benefit significantly from the
country's policies.

Its neighbor Australia is the 'complete opposite' despite
wealth generated from vast resources.Why this striking
difference?

We make ourselves less attractive to investment.Australia
drowns in red tape.Fifteen hundred or more permits,
approvals and licenses are required to start major projects
in Qld,for instance.

We have both state and Fed environmental dept duplication.
Small companies which were once the backbone of Australia
are increasingly finding the load to hard.

Taxes make us less competitive,MRRT and carbon tax making
Australia even less competitive on world markets.

Australia has too much debt.We live beyond our means and
continue to discourage and delay business development that
could provide more revenue.

We will continue to grow debt for our children to be
burdened with until our attitude changes.


*******

Given the 'above' Conglin Yue saved our butt and the
lessons we can learn from changing our thinking are
obvious.We need to give this man a long leash,to take
our company to its rightful place at the top of the
HRE mountain. [IMO]

We can never know all there is to know about any given
subject,so any judgements we make is always going to be
based on insufficient evidence,on opinion.Our opinions
reflect what we believe to be the case,based on what
knowledge we have-and the particular lines we tend to
think along anyway.

So its of great importance to reflect on this when our
vote of confidence is next required for the continuing
financial assistance of Conglin Yue.

Go Well,
HM