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Re: Re: [sharechat] NZ REFINING

From:	"David & Jill Stevenson" <djstevo@quicksilver.net.nz>
Date:	Sun, 15 Feb 2004 18:35:14 +1300

Jacob,

My wife was in a share club that bought into NZ refining at $1-84 about 12 years ago and rode them all the way to over $40 . Displaying a patience I would not have managed . Which raises the question - exactly how have the fundamentals changed to such a degree that after 12 years of supposed growth we now see such a low market appreciation. of their worth/potential. Same product . logistics and competition. Unlike gold no risk of production exceeding demand. What gives ?

David

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