Top 1%
Roomers have it that Chinese government is planing to bid for 9% of this Australian mining giant.. sending stock price up recently.
I think this is a great opportunity to buy some BHP.. if the Chinese buy in - you'll have a nice gain.. if they don't - BHP is still going nothing but up thanks to unfailing demand for raw materials.. looks like a win win bet to this Tuna..
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Top 74%
arawak
Apr 13 at 4:44 ET
China is also planning to buy up Canadian uranium producers.
http://www.bloomberg.com/apps/news?pid=20601082&sid=appu76x1_AMI&refer=canada
I am invested in Uranium1 on the toronto stock exchange (UUU) and the pink sheets (SXRZF). The stock has been CRUSHED recently which I dig (and I'm down 40% on it.. averaging down as my paychecks arrive). I don't mind the stock price drop because:
1) this is commodities, all they need to do is fill shipments, not win any popularity contests. the media is slamming them all over, painting UUU as a "bad" company.
2) the problems they've had/have are surmountable
3) a truckload of uranium could power a city for a year, you need a train of coal EVERY DAY to do that
4) china has little internal energy resources other than coal and they're building lots of nuke plants hence their interest in owning uranium producing companies
5) China's stated 750 mill - 1 bill purchase plan fits in nicely with where UUU is as a market cap right now
6) even if they don't get bought, the price of uranium is expected to rise. in fact, spot prices of uranium have sagged tremendously while coil, oil, etc, are all skyrocketing. that's going to change.
I might sell my pants just to be able to buy some more UUU/SXRZF!!
Top 4%
Lowrance
Apr 17 at 1:48 ET
They already bought 1% of British Petroleum...
Top 1%
guliamo
Apr 17 at 10:21 ET
When they say "China" - do they mean the actual Government?
How weird..