Yeah, I doubt will be too exciting for 12 months or so but have...

Yeah, I doubt will be too exciting for 12 months or so but have a reasonable position looking for companies which will recover late in the cycle (the banks and miners have already recovered strongly and I'm out of them now). I liked the recent financial, good cost reductions should position well for recovery but am not holding my breath. I suspect plenty of opportunity to increase holding with time.

My main worry is that Mr Rudd puts in place taxes on the industry only to find out in November that China and US doesn't. I would have bought more without that issue hovering.