Chindia

KevinH · 2nd Jun, 2007

Twiggy supposedly did the same with regard to the local ppl.
I understand they got access to land in S Hedland for 200 houses as a result of dealing with the locals.

Good link btw.
I'm more impressed now after reading the location at Pardoo.
It looks to be a no brainer in the scheme of things up here.

I wonder if they need any houses out there??

bundy1964 · 4th Jun, 2007

June 4 2007: 6:24 AM EDT

SHANGHAI (Reuters) -- China's main stock index tumbled 8.3 percent Monday in its second biggest drop this decade, extending big losses suffered last week after the government hiked the share trading tax to cool a bull run.

The index has now lost 15.3 percent from last Tuesday's record intra-day high, erasing about $340 billion of value. A fall of 10 percent is an internationally accepted definition of a bear market in stocks.

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China's new tax triggers a share sell-off. CNN's Eunice Yoon reports (May 30)
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After taking losses of around 20 percent or more on their holdings of volatile small-capital stocks late last week, panicking individual investors dumped stocks Monday.

Many fund managers and analysts said the index, which had risen 62 percent this year to last Tuesday's close after surging 130 percent gain in 2006, had room to fall much further in coming days as the excesses of the bull run were corrected. But many also said they did not believe the market as a whole was going into free fall.

"This is obviously panic selling, and the sentiment is quickly spreading across the market," said Wang Jing, deputy general manager at Everbright Securities.

Learning to deal with China
"But the fall is normal today, given the fact that the market has gone up so much. It won't be surprising if the index falls to about 3,000 points - which would mean a 30 percent correction from the top."

He added: "Third-tier stocks pushed up by speculative buying will likely fall further. But stocks with solid earnings growth potential should be able to withstand the sell-off."

The Shanghai Composite Index ended the day at 3,670.401 points, its lowest level since April 25. Losing stocks overwhelmed gainers by 846 to 17, with about 466 shares plunging their 10 percent daily limits.
Click to expand...

May be an interesting day tomorrow.....

Jacque · 7th Jun, 2007

Just saw the title and thought you'd come up with an interesting new girl's name Nige Bit of a twist on China and India!!

Anyway, I digress...... what am I doing in this forum?!

KevinH · 18th Jun, 2007

Rod_WA said: ↑

This is what drew me to AGO first, the fact that the MD got off his backside and met with the local indigenous people and signed a native title agreement.
Check out 'Iron ore boom's as strong as Atlas' at
Atlas Iron Limited: Investor Relations
Click to expand...

Good pick Rod.
I went thru the list and also picked up some ARH and GBG
AGO is the standout performer in the last 2 weeks.

Still trying to get my head around FMG.

I don't think its worth punting on the shares, even though one editorial is asking the question whether they are 'The next BHP' ?

I seriously doubt this, and as the weekend Fin Review suggests, the additional $1 billon odd raising, will mean most of the revenue will go to paying back the bondholders, which will be a big problem if there is no revenue or if the projected revenue is delayed beyond the May 08 first shipping deadline.

Our bigger problem is trying to assess if its worth proceeding with eoi process to build houses for them.

The term 'company maker or company breaker' comes to mind.

KevinH · 18th Jun, 2007

Jacque said: ↑

Just saw the title and thought you'd come up with an interesting new girl's name Nige Bit of a twist on China and India!!

Anyway, I digress...... what am I doing in this forum?!
Click to expand...

They're both stunning names for girls.

Tropo · 9th Jul, 2007

'China effect'

As 'China effect' reverses, inflation threatens | Business | Money | Telegraph

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