CFC,I'm sure that is the scare mongering tactics Andrew...

CFC,

I'm sure that is the scare mongering tactics Andrew Michelmore & Co want you to believe. Banks have economic strategists and the like who are just as well informed on global commodities as the mining companies they invest in. Just take a look at the top 20 shareholder list on the company web site.

The banks have used these strategies more likely to lengthen out the process month by month and extract fees or impose higher costs onto the company knowing full well commodities were over sold and would bounce back. Look at gold, silver, copper and zinc, the direction the G20 are taking in economic stimulus injections into building and infrastructure and tell Oz cannot pay off it's debt and become a profitable company again, (under the right management).

The problem with overpaying company CEO's is they can become 'too fat, too arrogant and too selfish' in their attitudes. I'd won't mention names but I think companies like Telstra are now in better hands.