Ann: Admission to Trading on the London Stock Exchange, page-39

Cash is correct - the market is very nervous at the moment driven by trade war fears, deteriorating global growth outlook, huge global debt levels etc. New York sold off earlier in the week and investors are sitting on the sidelines, too nervous to buy and preferring to wait and see what develops. Base metal stocks have been badly affected - there is little buying interest, even in quality co's with good projects. All we can do is sit tight and wait for blue skies. As always, provided we have the best stocks (with real and sustainable competitive advantage) in the best commodities (commodities with a bright future), then I'm confident that we'll do OK. DYOR