Trader’s thread

[Om Bak]

What a wonderful idea. Not sure how I could help either but I'll throw my 2bahts worth in.

There's a few FX guys and gals on this board too.

[zehner]

there's a certain scouser who's into it too

[Cyrille]

Originally Posted by MeMock

Take a look at what BHP did on the ASX today and you will see why I am smiling.

But not, of course, boasting.

[LDMA]

Ok..lets give it a bash...

[kingwilly]

^ there's a big difference between saying i bought some shares at a good price and the other mug who claimed he made more in an hour than most people here did in a month.

and then he even showed us some bogus calculations....

[LDMA]

Buyer beware etc....

[MeMock]

Originally Posted by Cyrille

But not, of course, boasting.

but I made $6 and 27 cents wouldn't you be boasting!
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Originally Posted by LDMA

Ok..lets give it a bash...

I'm in.

[Om Bak]

Well forget last month, two record closes ASX200 6483 overtaking Mondays record close 6451 dragged up by resources.

An update on BHP:
http://www.theaustralian.news.com.au...93-643,00.html
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An update on Northern Rock:

http://news.bbc.co.uk/2/hi/business/7013160.stm

I hear talk about the NAB (ASX) buying out Northern Rock too, if it eventuates is anyones guess.

[MeMock]

BHP Billiton has almost doubled the value of ore in the ground at its Olympic Dam mine in South Australia to more than $1 trillion.


Flash furnace in action at Olympic Dam. Picture: Colin Murty

The increase is set to support mining at Olympic Dam and the tiny township of Roxby Downs for perhaps a hundred years or more, and is likely to encourage BHP's in-coming boss Marius Kloppers to as much as double the size of a planned expansion.

But BHP Billiton is facing a huge construction bill that according to some analysts could blow out to be as high as $US15 billion ($17.2 billion), including major water and power investments.

It is speculated the expanding size of the ore body and escalating construction costs for mining projects globally will encourage BHP to maximize the size of any expansion.

BHP had originally been considering doubling copper production at the mine, but Merrill Lynch is tipping a more than quadrupling in production to 1 million tonnes a year of copper.

Such an expansion would also yield 30,000 tonnes a year of uranium oxide and 500,000 ounces of gold. Merrill Lynch has forecast the cost of such an expansion at $US10 billion to $US15 billion.

But BHP is treading carefully as it assesses the different development options, and first production from any expansion isn't expected until 2013 at the earliest.
A pre-feasibility study on the project isn't expected to be completed until mid-2008.

BHP has spent about $US50 million drilling the ore body and today increased its estimate of mineral-bearing ore resources to 7.7 billion tonnes from 4.4 billion tonnes.

South Australian premier Mike Rann said the increased resource figures were “about the best news economically that this state has ever received”.

“About 17 rigs have been drilling continuously and still cannot find the extent of the resource - they can't find the perimeters, they can't find an end to the depth of it,” Mr Rann said.

In August Mr Kloppers said Olympic Dam could turnout to be the world's second biggest base metal discovery in the world behind the Norilsk nickel discover in Russia.

Contained copper resources have jumped by 38 per cent to 67 million tonnes, while contained uranium is up 27 per cent to 2.2 million tonnes. Contained gold resources have risen 11 per cent to about 11 per cent to almost 82 million ounces.

The deposit is the world's single largest uranium deposit and among the top five gold deposits. But copper is the main source of earnings at Olympic Dam, followed by uranium.

[ajarnsomeday]

Seems like mostly AUS / Asian stocks here, hope it's alright for some US ideas

Vonage


Shares plummetted today / yesterday.. I'm not much of a speculator, but the VOIP market will not go away no matter how hard the ol' boys try. I'm thinking this company will either be bought out or file for bankruptcy soon, will definitely have some activity though.

Just a thought

[MeMock]

Originally Posted by ajarnsomeday

Seems like mostly AUS / Asian stocks here, hope it's alright for some US ideas

Vonage


Shares plummetted today / yesterday.. I'm not much of a speculator, but the VOIP market will not go away no matter how hard the ol' boys try. I'm thinking this company will either be bought out or file for bankruptcy soon, will definitely have some activity though.

Just a thought

Thanks AA

[Om Bak]

Originally Posted by ajarnsomeday

Seems like mostly AUS / Asian stocks here, hope it's alright for some US ideas

Vonage


Shares plummetted today / yesterday.. I'm not much of a speculator, but the VOIP market will not go away no matter how hard the ol' boys try. I'm thinking this company will either be bought out or file for bankruptcy soon, will definitely have some activity though.

Just a thought

Oh shyt yeah! The more the merrier.

Just on BHP, some of those foreign holders are sitting on some tidy profits 40% up from last month then add the stronger AUD. I'm going to try an get in on heavy sell off days, hopefully closer to $35 than $45.

[Om Bak]

Yet another record close for Thursday ASX200 at 6538.

The Dow closed a stone throw from 14K.

[laoshi]

Originally Posted by Om Bak

Yet another record close for Thursday ASX200 at 6538.

The Dow closed a stone throw from 14K.

Yeah they've got a hard on 'cos they think a rate cut cycle is beginning. It won't take long before they realise that people with no homes aren't really chewed about going to Home Depot and WalMart and spending money...

[Om Bak]

It gave the market a jump start but hasn't done much for the dollar though. Wonder how long before the weaker dollar translates to higher fuel prices at the pump.
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Have we got any Warren Buffet fans out there?