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One thousand thank yous, I have just
discovered the use of the asx web site, there are a lot of tools out there and
I am still sorting out the best for what I need.
Allan
Original Message -----
Sent: Wednesday, December 10, 2003 11:05
PM
Subject: Re: [sharechat] AUO
I haven't changed my opinion on AUO trading above
a dollar sometime next year. My reasons remain the same as I mentioned a few
weeks ago. AUO made an announcement on 26/11 that they have 130 million
hedged at US.664 and they have signed further contracts to sell coal next
year at a healthy increase to the current price. You can get this data and the
quarterly reports as soon as they are released to the market on the ASX web
site.
I wouldn't be surprised if the share price
did see 70 cents again. Westpac sold off 2 batches of 2 million shares
recently which along with the general market down turn was proberly
responsible for the resent dip in share price. Westpac still own 9 million
shares which they may decide to continue reducing.
Next year should be a good year for
resourse stocks in general. Companies involved in coking coal and nickle
mining in my opinion should do the best.
See IRG research reports
