Not really but I can wait so does not worry me as much, but once the new Chinese regime comes in and settles they will have to pull there fingers out and show people why they were voted in and that is to progress China’s growth and development. This will require steel and hence iron ore. The BHP projects being put on hold are a direct response to not just a world economic slow down but China’s new stance on less dependants on the Big 3 and more investment into small to medium caps. If this is factual as per official statements then that would mean further investing into WA and hence the INF. Remember they have already thrown wads of cash into this region and I do see them following through to completion with these investement.
But offcourse this is just my opinion and means F all ;-)
Good Luck All Bobby
PDY Price at posting:
0.6¢ Sentiment: Buy Disclosure: Held
